📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Sony considers $5.8 billion smartphone sensor factory in Japan - media

Published 12/15/2022, 12:27 PM
Updated 12/16/2022, 02:02 AM
© Reuters. FILE PHOTO: Sony logo is displayed in this illustration taken, September 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

TOKYO (Reuters) - Sony (NYSE:SONY) Group Corp is 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.

© Reuters. FILE PHOTO: Sony logo is displayed in this illustration taken, September 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

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. ($1=137.31 yen)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.