Sony is spinning off its image sensor business
Sony has announced that it will spin off its semiconductor operations into a new company called Sony Semiconductor Solutions. While the vendor's mobile and TV efforts have failed to produce any profits of late, the image sensor business is Sony's most profitable division, with its offerings used in several high-end smartphones available today.
Sony mentions that the move will allow the semiconductor division to remain competitive in this segment:
Under the restructuring, the divisions that handle semiconductor manufacturing and design, Sony Semiconductor Corporation and Sony LSI Design, will become subsidiaries of the newly formed company.
As mid-range devices increasingly switch to Sony sensors, the company has announced that it will invest a further 45 billion yen ($374 million) this year to increase production capacity. The business unit will also expand into the automotive segment in the near future.
Source: Sony
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Harish Jonnalagadda is a Senior Editor overseeing Asia at Android Central. He leads the site's coverage of Chinese phone brands, contributing to reviews, features, and buying guides. He also writes about storage servers, audio products, and the semiconductor industry. Contact him on Twitter at @chunkynerd.