Toshiba Said to Be Planning Sale of Image Sensor Business to Sony

Toshiba Said to Be Planning Sale of Image Sensor Business to Sony
Toshiba Corp is set to sell its image sensor business to Sony Corp for around JPY 20 billion (roughly Rs. 1,070 crores) as part of a restructuring plan laid out earlier this year, sources with knowledge of the deal said on Saturday.

Toshiba, whose businesses range from laptops to nuclear power, is undergoing a restructuring after revelations this year that it overstated earnings by $1.3 billion (roughly Rs. 8,454 crores) going back to fiscal 2008/09.

Image sensors, which are used in digital cameras and smartphones, are part of Toshiba's system LSI semiconductor business. Toshiba plans to sell its image sensor manufacturing plant in Oita, southern Japan, and pull out of the sensor business altogether, said the sources, who declined to be identified.

The sale is likely to be finalised soon, the sources said.

Toshiba is considering several options for its system LSI semiconductor business and its discrete semiconductor business and that debate is ongoing, a Toshiba official said when contacted.

An official from Sony declined to comment.

Masashi Muromachi, who became Toshiba's CEO following the accounting scandal, has promised to restructure lower-margin businesses.

The deal for the image sensor business would be the beginning of the restructuring, Nikkei reported earlier on Saturday.

Sony is already a dominant player in the image sensor market, with its products used in phones made by China's Xiaomi and India's Micromax Informatix Ltd.

© Thomson Reuters 2015

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Cameras, Image Sensor, Sony, Toshiba
YouTube Red Fallout: ESPN Pulling Videos From YouTube
Mark Zuckerberg and Priscilla Chan Reveal Plan to Start 'The Primary School'
Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.