Sony buys Toshiba’s image sensor division for $155 million
Sony Toshiba Deal: On Friday Sony buys Toshiba’s image sensor division for $155 million Sony announced That They had come to an agreement with Toshiba to buy CMOS Image Sensor business for 19 billion yen, or around $155 million.
The Circulating in late October will see Sony Take Ownership of semiconductor fabrication facilities, equipment and related assets of Toshiba’s 300mm wafer production line in Oita, Japan.
At Least, 1,100 of the employees of Toshiba are affected by the sale are expected to be offered jobs, Sony said in a press release.
The company is Saying That They will transfer its CMOS fabrication facilities and about 1,100 employees to Sony by March 31st, 2016. Know more about Toshiba’s Sensors here.
Image Sensor into Market
Sony has planned to announce its spin off its image sensor business into a separate entity called Sony Semiconductor Corporation – not because it was performing poorly, but because the company wants to encourage underperforming divisions to be more accountable for their performance
In 2014, Sony has supplied CMOS Image Sensors to roughly 40 percent of all smartphones sold. In fact, most phones – like the iPhone 6 and the Galaxy S6 – include two Camera CMOS Sensor (one for the front camera and another for the rear).
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Toshiba got caught up in a scandal over the summer in which the company was found to have exaggerated operating profits by $1.2 billion over the past six years.
Toshiba And Sony, Both Companies are hoping to complete the transaction by March 31, 2016. We will see Toshiba image sensor into sony Hand Soon.
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