Murata Manufacturing Co Ltd (6981.T)
7 Dec 2016
Tue, Oct 4 2016
CHIBA, Oct 4 Japanese electronics components supplier Murata Manufacturing Co Ltd wants its enlarged battery business to help double automotive-related revenue when the years of rapid expansion in the smartphone market have passed, its chief executive said.
TOKYO Sony Corp said on Thursday it has agreed to sell a portion of its battery business to Murata Manufacturing Co Ltd , as the electronics giant responds to slowing demand for smartphones.
* Slowing demand for smartphones has weighed on Sony profits (Adds details on deal, context)
TOKYO, July 28 Sony Corp said on Thursday it has agreed to sell its battery business to Murata Manufacturing Co for a yet-to-be-determined amount.
* Says the co and Murata Manufacturing Co., Ltd. entered into a non-binding memorandum of understanding that confirms their intent to negotiate the transfer of the Sony Group's battery business to the Murata Group