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FINANCIAL NEWS
Sony to invest $1.2b to boost image sensor output
27 Dec 2010
(MENAFN) Officials at Japan’s Sony Corp. announced that within its next fiscal year, the company will invest $1.2 billion, in order to double its output of image sensors, taking advantage of brisk demand for digital cameras and smartphones, Reuters reported.
The mentioned sum includes a $600 million deal to re-purchase a semiconductor production line from Toshiba Corp. Furthermore, Sony will take advantage of a Japanese government subsidy for environmentally friendly businesses to help with the investment, but declined to say how much that would be, stated officials.
Sony will convert part of the plant in Nagasaki, southern Japan, for the production of complementary metal-oxide semiconductor (CMOS) sensors and invest in wafer processing equipment for CMOS image sensors, bringing its total production of image sensors, including CCD and CMOS types, to 50,000 units a month by March 2012.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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