Sanyo Electric plans to expand production of solar cells at two factories in Japan in response to rising global demand for the devices, it said Monday.
Panasonic will start discussions to take over Sanyo Electric with the aim of reaching a deal by the end of this year, the two Japanese companies said Friday.
A Japanese paper reports that Panasonic will begin negotiating with Sanyo Electric's top shareholders with the aim of acquiring a majority stake in the company.