Sony’s image sensor business is being spun off into a new business, the company has announce some restructuring of three major parts of its business.
Sony’s image sensor are incredibly popular and are used in the majority of smartphones available at the moment as well as other devices.
The company will spin off their image sensor business into a new unit which is called Sony Semiconductor Solutions.
In the semiconductor business, where image sensors are a primary area of focus, Sony will establish Sony Semiconductor Solutions Corporation (“Sony Semiconductor Solutions”) to further reinforce this business, and concentrate on sustained growth. R&D, business control, sales and other operations related to the semiconductor business, which are currently overseen by business groups and R&D units within Sony Corporation, will be transferred to Sony Semiconductor Solutions. The new company will aim to commence operations on April 1, 2016. As part of its mid-term corporate strategy announced in February 2015, Sony outlined its intention to sequentially split out the business units currently within Sony Corporation and operate them alongside existing Sony Group companies.