Sony to sell chip facility to Toshiba for $835 mln

Most Commented

Unified Communication for your Biz

Improve your contact center performance. See how you can make a difference.

Watch Now

Reach the ICT Community

Engage and build your ICT audience with CIOL online advertising.

Know more

Sony to sell chip facility to Toshiba for $835 mln

As part of the company’s latest move to focus on their core businesses

Wednesday, February 20, 2008

Email This

Print This

Comments

RSS

TOKYO, JAPAN: Sony Corp said on Wednesday it will sell its microchip production facilities in western Japan to Toshiba Corp for 90 billion yen ($835 million), in their latest move to focus on their core businesses.

The equipment will be used by their semiconductor joint venture that will make high-performance Cell chips and RSX graphic chips, both used in Sony's PlayStation 3 game console, as well as other microchips that go into Toshiba products.

The venture will be established on April 1.

Sony, which is focusing on image sensor chips for digital cameras and pulling away from heavy investments for cutting-edge chip production equipment, said in October it would sell production facilities for making key microchips used in the PS3 to Toshiba, but the price has been unavailable.

The announcement on the selling price comes on the heels of Toshiba's decision on Tuesday to abandon its HD DVD high-definition DVD format, ending a prolonged battle with the Sony-led Blu-ray camp.

Toshiba twinned the HD DVD exit with an announcement that it and partner SanDisk Corp would spend $16 billion on two new flash memory plants.

Shares in Sony were up 2.8 per cent at 5,150 yen in afternoon trade while Toshiba fell 2.8 per cent to 801 yen. The Tokyo stock market's electrical machinery index was down 2.1 per cent.

©Reuters

Would you like to on this article?

Be first to comment on this article

Name
Email
Your reply

Arrested NASA scientist worked on Chandrayaan-1

Rs.10,000 computer-phone by 2010-end

China wooing Indian IT companies

Polaris eyes emerging mkt post LaserSoft takeover

Windows 7: Should CIOs migrate?

NComputing to expand business in India

Infosys, Oracle to launch business platform for HR

Accentia eyes more activity in HRCM space

BSNL to go direct to Zain if consortium talks fail

BSNL not to call new bids for GSM order

	Simplify Business Management. ERP solutions by IBM
	Carry your Dream, Convey your Value with ZTE
	Get EMC Efficient.Learn more

	Get expert views on Mobilin V2
	How to make your enterprise productive
	Unified Communication can impact business. Know how

	Making Web3.0 a Reality!
	CIOL Enterprise Next :What's NEXT in IT? :
	Decrease Total System Costs With Cyclone IV FPGAs

	Reach your desired Target Audience and realize high ROI
	Effective ways of Customer Acquisition through Demand Generation
	Reach 2,500 potential Enterprise Customers!