Categories: LATEST NEWS

Sony and Toshiba Sign Definitive Agreements for the Transfer of Semiconductor Fabrication Facilities

Based on the memorandum of understanding entered into between Sony Corporation (“Sony”) and Toshiba Corporation (“Toshiba”) on October 28, 2015, the parties today announced that they have signed definitive agreements to transfer to Sony and to Sony Semiconductor Corporation (“SCK”), a wholly-owned subsidiary of Sony, certain Toshiba-owned semiconductor fabrication facilities, equipment and related assets in its Oita Operations facility, as well as other related equipment and assets owned by Toshiba (the “Transfer”).

Under the agreements, Toshiba will transfer semiconductor fabrication facilities, equipment and related assets of Toshiba’s 300mm wafer production line, mainly located at its Oita Operations facility. The purchase price of the Transfer is 19 billion yen. Sony and Toshiba aim to complete the Transfer within the fiscal year ending March 31, 2016, subject to any required regulatory approvals.

Following the Transfer, Sony and SCK plan to operate the semiconductor fabrication facilities as fabrication facilities of SCK, primarily for manufacturing CMOS image sensors.

The parties expect to offer the employees of Toshiba and its affiliates employed at the fabrication facilities to be transferred, as well as certain employees involved in areas such as CMOS image sensor engineering and design (approximately 1,100 employees in total), employment within the Sony Group, upon the completion of the Transfer.

 

Liat

Recent Posts

Molex Anticipates Steady Growth in High-Speed Connectivity in 2025, Driving Electronics Design Innovations Across Diverse Industry Sectors

• Increase in opportunities predicted for high-speed optical transceivers and miniaturized connectivity solutions to address…

2 days ago

Alphawave Semi Drives Innovation in Hyperscale AI Accelerators with Advanced I/O Chiplet for Rebellions Inc

Rebellions Selects Alphawave Semi's Multiprotocol Chiplet Solutions To Deliver Breakthrough Performance in Generative AI workloads…

2 days ago

Valeo & ROHM Semiconductor co-develop the next generation of power electronics

Valeo, a leading automotive technology company, and ROHM Semiconductor, a major semiconductor and electronic component…

2 days ago

New EiceDRIVER™ Power family of full-bridge transformer drivers for compact and cost-effective gate driver supplies

 Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) introduces the EiceDRIVER™ Power 2EP1xxR family of…

2 days ago

Unparalleled accuracy and longevity: Panasonic Industry presents brand new ultra-compact Air Quality Sensor

Next level monitoring precision of particulate matter, temperature, humidity, and total volatile organic compounds (TVOCs)…

2 days ago

Bitsight to Acquire Cyber Threat Intelligence Leader Cybersixgill to Help Enterprises to Preempt Cyber Attacks

Plans to Deliver Advanced Threat Intelligence within its Attack Surface and Third-Party Risk Solutions  Bitsight,…

4 days ago