Sony is spinning off its image sensor business
Sony has announced that it will spin off its semiconductor operations into a new company called Sony Semiconductor Solutions. While the vendor's mobile and TV efforts have failed to produce any profits of late, the image sensor business is Sony's most profitable division, with its offerings used in several high-end smartphones available today.
Sony mentions that the move will allow the semiconductor division to remain competitive in this segment:
Under the restructuring, the divisions that handle semiconductor manufacturing and design, Sony Semiconductor Corporation and Sony LSI Design, will become subsidiaries of the newly formed company.
As mid-range devices increasingly switch to Sony sensors, the company has announced that it will invest a further 45 billion yen ($374 million) this year to increase production capacity. The business unit will also expand into the automotive segment in the near future.
Source: Sony
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Harish Jonnalagadda is Android Central's Senior Editor of Asia. In his current role, he oversees the site's coverage of Chinese phone brands, networking products, and AV gear. He has been testing phones for over a decade, and has extensive experience in mobile hardware and the global semiconductor industry. Contact him on Twitter at @chunkynerd.