Thursday, December 14, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile Enters The pay-TV Market With the Acquisition of Layer3 TV
Samsung Patents 'Double-sided' Smartphone
Apple Invests in FaceID Component Maker Finisar
Corsair Launches 4GHz DDR4 SODIMM 32GB Memory Kit
Google's Year in Search
Google Opening Artificial Intelligence Research Center in China
AT&T is Testing Broadband Internet Over Power Lines
Toyota and Panasonic to Start Study on Automotive Prismatic Battery Business
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, October 28, 2015
Toshiba To Sell Image Sensor Business to Sony


Confirming previous reports, Toshiba said on Wednesday it will sell its image sensor business to Sony and overhaul its unprofitable semiconductor businesses.

Sony and Toshiba have entered into a non-binding memorandum of understanding that confirms their intent to negotiate the transfer to Sony of certain Toshiba owned semiconductor fabrication facilities, equipment and related assets in Oita Prefecture, and also other related equipment and assets.

The parties intend to transfer fabrication facilities, equipment and related assets of Toshiba's 300mm wafer production line, mainly located at its Oita Operations. Following the transfer, Sony plans to operate the site as a production facility of Sony Semiconductor Corporation, a wholly-owned subsidiary of Sony, primarily for manufacturing CMOS image sensors.

Negotiations between the parties are proceeding with a view to Toshiba outsourcing production of the semiconductor products Toshiba currently manufactures on its 300mm wafer production line to Sony Semiconductor Corporation following the transfer.

The deal was worth around 20 billion yen ($166.15 million), according to a company source familiar with the matter.

The parties also are planning to make arrangements to offer the employees of Toshiba and its affiliates, employed at the manufacturing facilities to be transferred, as well as those involved in areas such as CMOS image sensor engineering and design (approximately 1,100 employees in total), employment within the Sony Group, upon the completion of the transfer.

This acquisition will enable Sony to increase its production capabilities in the area of CMOS image sensors, where further market growth is anticipated.

Withdrawing from the CMOS image sensors business will allow Toshiba to devote its resources to products where it has a high technological advantage, and aim to improve the profitability of its system LSI business.

Toshiba and Sony aim to complete the transfer within the fiscal year ending March 31, 2016, subject to any required regulatory approvals.

Toshiba also said it will withdraw from the white light-emitting diode (LED) business, part of its semiconductor division.

The moves amount to the first restructuring steps Toshiba has announced since it said earlier this year that it had overstated earnings in a wide range of businesses including chips, television sets and personal computers over seven years.

For Sony, the acquisition of Toshiba's image sensor business would further solidify its already dominant position in the industry. Sony controls about 40 percent of the market for complementary metal-oxide semiconductor (CMOS) image sensors.



Previous
Next
CyberLink Joins Ultra HD Blu-Ray Development Group        All News        Sony Releases New Shock proof HDD
IBM To Buy The Weather Company's Product and Technology Businesses     General Computing News      Twitter User Growth Stalls Despite Strong Revenue

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba and Western Digital Reach Settlement, Agree to Strengthen Flash Memory Collaboration
Toshiba and Western Digital Close to Agreement Over Memory Chip Sale
Toshiba Moving Closer to Deal With Western Digital
Toshiba Launches First 14TB HDD with Conventional Magnetic Recording
Toshiba Releases 10TB NAS-Class Hard Drive
Toshiba Unveils 2TB XG5-P NVMe SSD
Toshiba Offers New 10TB Surveillance Hard Disk Drive
Toshiba's Board Approves $5 billion Injection to Stay Listed
Asus Could Buy Toshiba's PC Business
Toshiba Sells TV, Visual Solutions Unit to Chinese Hisense
Toshiba's Profit Jumps on Strong Memory Demand
Sony Revives the AIBO Robot Dog

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .