• Home
  • Business
  • Sony considers $5.8 billion smartphone sensor factory in Japan
Image

Sony considers $5.8 billion smartphone sensor factory in Japan

Sony group corp considering an investment of about 800 billion yen ($5.83 billion) to build a factory to make smartphone image sensors in western Japan, the Nikkan Kogyo newspaper said on Friday.

The plant would be located in Kumamoto prefecture and Sony plans to bring it online in 2025 at the earliest, the report said. The news was first reported by the Nikkei business daily, although it didn’t mention a specific investment amount.

The Nikkei said the Japanese electronics and entertainment conglomerate would carefully consider the timing of the construction and the size of the investment given concerns about a slowdown in the global economy.

A spokesman at Sony’s semiconductor division declined to comment on the Nikkei report.

Major economies, including the United States and Japan, have scrambled to boost domestic chip production after the COVID-19 pandemic disrupted global supply chains.

Taiwan Semiconductor Manufacturing Co (TSMC) is building a major chip plant in Kumamoto. Sony and auto parts maker Denso Corp are each taking a minority stake in the $8.6 billion project.

Sony plans to source logic chips for image sensors from the TSMC plant, the Nikkei said.

Source: The Economic Times

Related Posts

Ghana: GCX benefit 350,000 smallholder farmers

The Ghana Commodity Exchange (GCX) has ensured fair prices for more than 50,000 small-scale farmers who have participated…

Nigeria: SMEDAN, Sterling bank unveils N5 billion single interest loan for small businesses

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), in collaboration with Sterling Bank Ltd., introduced a…

Ghana: KIC opens call for Business Booster Program

Kosmos Innovation Center (KIC) in partnership with the Mastercard Foundation has announced the opening of call for applications…

Nigeria: Diageo to divest majority stake in Guinness Nigeria

British multinational alcoholic beverage company Diageo has agreed to sell its 58 percent majority shareholding in Guinness Nigeria…