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Toshiba Sells Its Sensor Business To Sony For $165 Million

Toshiba Sells Its Sensor Business To Sony For $165 Million : Toshiba, one of the biggest and innovative brand in terms of electronics and technology. Today there is a latest update for all the business investors and technology lovers. Sony get a clean chit to get a powerful and awesome feature of image sensor for thier devices. Today a deal between Toshiba and Sony corp has been closed which is meant to provide image sensors to Sony Corp by Toshiba.

Toshiba Sells Its Sensor Business To Sony For $165 Million

Toshiba & Sony Deals On Sensor Business

Toshiba closed the deal at a price of 20 billion Yen which costs around ($164.68 Million). Now Toshiba will be remarked as Sensor Business Seller to Sony Corp. Image sensors are part of Toshiba’s system LSI semiconductor business. These sensor are commonly used in digital cameras and smartphones. According to the sources the company is all set to sell its Image sensor plant and is planning to shut down its sensor business.

An official spokesperson from Toshiba said that company is looking for a number of options for its system LSI semiconductor business and its discrete semiconductor business. This discussion in still in motion and during this Sony declined to commit anything on this. Sony is a leading, popular and strong brand in image sensor market. company’s products are used in mobile phones manufactured by China’s Xiaomi as well as India’s Micromax Informatics Ltd.

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