Sony to beef up chip business with new hires

  • News Digest

Feb 22, 2019-

Sony Corp said on Thursday it will assign 40 percent of its new engineer hires in Japan over the next two years to the chip business which includes imaging sensors, as it looks for growth from new applications in everything from cars

to phones. The allocation is in line with the company’s plans to invest 600 billion yen ($5.4 billion) in imaging sensors over the three years through March 2021, or half of the group’s planned capital expenditures. Sony controls more than half of the imaging sensor market for smartphones, and the sensor business was a key driver of a turnaround for the conglomerate which in its heyday led the world in consumer gadgets. (REUTERS)

Published: 22-02-2019 11:18

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