Sony will acquire Toshiba’s image sensor business by the end of the fiscal year
Although Sony has not been performing as expected in the mobile business, it has been significantly growing in the image sensor business. In fact, its image sensor business is what has made up the largest part of its recorded profits in the first quarters of 2015. In order to continue growing, Sony confirmed that it will acquire Toshiba’s CMOS image sensor business for about $20 billion yen by the end of the fiscal year.
Sony’s image sensor have been heavily demanded from companies such as Apple and Samsung, and have been used in top-tier smartphones such as the iPhone 6s and the Galaxy S6. In order to continue growing in the business and generating much-needed profits, Sony had recently bought Softkinetic System to continue improving its image sensor technology. To further to do so, Sony has negotiated terms with Toshiba and has confirmed that it will acquire Toshiba’s image sensor business, which includes Toshiba’s manufacturing plant in Oita, Southern Japan, and its 1,100 workers. Toshiba, as a result, will officially stop participating in the business to focus on recovering from its $1.3 billion accounting scandal. The deal is worth approximately $20 billion yen ($166.15 million). This acquisition will help Sony to keep and expand its dominant position in the mobile image sensor business, which adds up to about 40% of the total CMOS image sensor market.
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