General business22 Aug 2008 01:50 am
Sanyo Electric which was bailed out by banks recently is planning to sell its unprofitable semiconductor unit as a part of a corporate reform plan.Selling the semiconductor division will allow Sanyo to transfer resources to more profitable areas such as rechargeable batteries.Sanyo is the world’s largest maker of rechargeable batteries.
Sanyo will focus on solar panels,rechargeable batteries,medical technology,water processing equipment and business related to the environment and energy as a part of the plan.
