Panasonic TS2 has a 14.0MP 1/2.3-inch (6.08 x 4.56 mm ) sized CCD sensor and features Venus Engine HD II processor. On the other hand, Sigma DP2x has a 5.0MP APS-C (20.7 x 13.8 mm ) sized CMOS (Foveon X3) sensor and features True II processor.
Panasonic TS2's sensor provides 9MP more than Sigma DP2x's sensor, which gives a significant advantage in real life. You can print your images larger or crop more freely.
On the other hand, please keep in mind that Max sensor resolution is not the only determinant of resolving power. Factors such as the optical elements, low pass filter, pixel size and sensor technology also affects the final resolution of the captured image.
Below you can see the TS2 and DP2x sensor size comparison.
As seen above, Sigma DP2x has a 10.3x Larger sensor area than Panasonic TS2. Larger sensors give photographer more control on the depth of field and blurry background compared to smaller sensor when shot in same focal length and aperture.