Latest in Gear

Image credit:

Sony buys Toshiba out of the sensor business for $155 million

Sony gets a tighter grip on the camera and smartphone sensor market.
32 Shares
Share
Tweet
Share
Save

Sponsored Links

Sony has purchased Toshiba's image sensor business for 19 billion yen, or around $155 million, confirming rumors from October. It recently re-organized its sensor division into a wholly-owned subsidiary called the Sony Semiconductor Corporation. The move will bolster the new company and remove Toshiba as a primary competitor in the smartphone and camera image sensor business. Sony manufacturers such chips for its own smartphones along with models by the likes of Apple and Xiaomi. Its chips are also used in DSLRs made by Nikon and its own Alpha models.

Toshiba was recently hit with a massive accounting scandal, and decided to exit from several of its businesses to raise cash. It's reportedly considering a merger with Japanese firms Fujitsu and Vaio and possibly selling a share of its profitable memory chip business. The company will transfer its CMOS fabrication facilities and approximately 1,100 employees to Sony by March 31st, 2016. So far, there's no word of any potential layoffs.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
32 Shares
Share
Tweet
Share
Save
Comments

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr