Japan's Sanyo Electric (SANYY.PK) will sell its money-losing chip unit to ON Semiconductor...

|About: ON Semiconductor Corpora... (ON)|By:, SA News Editor

Japan's Sanyo Electric (SANYY.PK) will sell its money-losing chip unit to ON Semiconductor (ONNN) for around ¥33B ($373M) in order to focus on its solar cell and rechargeable battery units. Less clear is ON Semi's angle, or how it plans to make the chip unit profitable. (PR)