Sony buys Toshiba imaging unit for $154 million, some jobs in the air

The ink has dried on an agreement between Sony and Toshiba. The two companies have been in talks about the former purchasing the latter’s semiconductor factories — factories that also produce CMOS camera sensors for many clients, including smartphone makers. Now we know the finalized numbers on the table and the timeline moving ahead.

Sony will pay ¥19 billion or roughly $154 million for the facilities, equipment and other assets from Toshiba’s operations located in Oita, Japan and will be under the control of Sony Semiconductor Corporation, a subsidiary.

Sony intends to run the operation primarily as Toshiba had purposed it — for producing CMOS sensors. The facilities are also capable of fabricating memory controllers as well.

Employee transfer offers will be given to approximately 1,100 workers at the completion of this deal. The news release singles out “certain employees involved in areas such as CMOS image sensor engineering and design.”

The transfer is expected to be complete on March 31, 2016.

Source: Sony
Via: The Verge

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About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.