Panasonic Corporation (Panasonic), formerly Matsushita Electric Co., Ltd., is a manufacturer of electronic and electric products for a range of consumer, business and industrial uses, as well as a variety of components. The Company operates in five segments: Digital AVC Networks, Home Appliances, Panasonic Electric Works Co., Ltd. and PanaHome Corporation, Components and Devices, and Other. Digital AVC Networks includes video and audio equipment, and information and communications equipment. Home Appliances includes household equipment. PEW and PanaHome includes electrical supplies, home appliances, building materials and equipment, and housing business. Components and Devices include semiconductors, general electronic components, batteries and electric motors. Effective December 21, 2009, Panasonic Corporation acquired Sanyo Electric Co., Ltd., as well as its subsidiaries, SANYO ASIA PTE LTD, SANYO NORTH AMERICA CORPORATION and SANYO EUROPE LTD.