Toshiba Took JPY 19 Billion To Transfer Oita City Plant To Sony

Posted: Dec 4 2015, 9:46am CST | by , Updated: Dec 4 2015, 1:18pm CST , in Technology News


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Toshiba Took JPY 19 Billion To Transfer Oita City Plant To Sony

Sony buys Toshiba's image sensor business!

For months, we have been hearing bits and pieces regarding the deal between Sony and Toshiba.

The deal has been officially finalized now. Both the tech giants have struck the mutually beneficial deal.

Toshiba has a chip manufacturing plant in Oita City. In return for JPY 19 billion ($155 million/€€142), Toshiba will hand the plant and some 1,100 employees to Sony.

The function of the factory will remain the same. It will focus on manufacturing image sensors on its 300mm wafer production facility.

It is important to note that Sony is only using the factory for this purpose, while, Toshiba also manufactured different chips in the same factory.

The deal is expected to be accomplished by March 31, 2016 while being subjected to various regulatory approvals.

The deal between both the companies is currently at the "memorandum of understanding.”

Sony was a very famous mobile manufacturing company a long time ago.

Nowadays, the company is not doing much good in this sector. The Xperia Z series have added some little sales to the ever dropping financial sector of Sony.

No matter what the mobile division is going through, Sony’s image sensors have always been the talk of the town.

Currently, many big names are using Sony sensors in their mobile phones and tablets.

Apple and Samsung are also the customers of the company, while, various other low-scale makers are also buying the sensors.

Another fascinating point here is that, we can also think that Toshiba may be also be looking forward to merge its PC manufacturing sector with Sony’s former Fujitsu and Vaio.

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<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.




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