MARKET REPORT

Sony and TSMC plan $6.3bn Japan joint venture for image sensors, Nikkei reports

Executive takeaway

The two chipmakers are reported to be preparing a joint venture to manufacture image sensors in Japan, a deal valued at about $6.3 billion.

Sony and Taiwan Semiconductor Manufacturing Co. are planning a joint venture worth about $6.3 billion to produce image sensors in Japan, according to a Nikkei report cited by Investing.com. Sony is the world's largest supplier of CMOS image sensors, used in smartphone and automotive cameras, while TSMC is the largest contract chipmaker. Neither company has publicly confirmed the arrangement, and terms including ownership split, site location and timing were not detailed in the report. TSMC already operates in Japan through its Kumamoto venture, in which Sony is a minority partner alongside Denso and Toyota, with support from the Japanese government.
Wire sources cited

Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.