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Sony Corp aims to buy Renesas Electronics Corp chip fab- Nikkei


Tuesday, 3 Dec 2013 07:00pm EST 

Sony Corp:Sony Corp seeks to purchase Renesas Electronics Corp' main chip fabrication facility and use it to make image sensors for smartphone and other devices- Nikkei.The two sides are expected to sign a memorandum of understanding as early as the beginning of week ending Dec. 13.If negotiations proceed smoothly, Sony will acquire shares in the Renesas unit that operates the Tsuruoka plant in Yamagata Prefecture by Mar. 31, 2014.The plant is expected to fetch about 10 billion yen ($96 million) and Sony aims to keep the price low as it restructures its money-losing electronics business.Sony is also expected to take on some of the 900 or so workers at the factory.Sony hopes to use the plant to fabricate complementary metal-oxide semiconductor (CMOS) sensors. 

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26 Dec 2014