Sony sells PlayStation 3's Cell to Toshiba

As expected, Sony has sold off their Cell chip operations to Toshiba for an estimated ¥100 billion ($858 million), giving the one-time partner in the Cell project manufacturing responsibility for the PlayStation 3's much lauded brain.

So, Sony's ailing electronics division gets a much needed cash infusion and Toshiba presumably gets back to work on that first non-PS3 Cell device and that's it? Nope. Sony, and their PlayStation video game unit will continue to invest in the Cell chip (you didn't think they were just going to drop it off at Uncle Toshiba's house and leave, did you?). Of course, we've been told deals like these take a little time; expect this one to be completed by March.

[Via Engadget]

Read – Sony to Sell Chip Operations to Toshiba [AP]
Read – Toshiba press release

This article was originally published on Joystiq.