UPDATE 1-Sony to buy back chip plant from Toshiba – Nikkei

Dec 23 (BestGrowthStock) – Sony Corp (6758.T: ) plans to buy back a
Nagasaki semiconductor plant from Toshiba Corp (6502.T: ) for
about 50 billion yen ($597.2 million) to double output capacity
for image sensors used in smartphones and other devices, the
Nikkei business daily reported.

Sony will buy the facility, which it sold to Toshiba in
2008, to strengthen its complementary metal-oxide semiconductor
(CMOS) sensor business, the daily said.

Acquiring the plant will double Sony’s image sensor output
capacity to the equivalent of about 40,000 silicon wafers a
month, the daily said.

By boosting output and lowering production costs, Sony aims
to catch up with such firms as South Korea’s Samsung
Electronics Co (005930.KS: ) and U.S. players in the CMOS sensor
market, Nikkei said.
($1=83.73 Yen)
(Reporting by Amruta Sabnis in Bangalore; Editing by Don
Sebastian)

UPDATE 1-Sony to buy back chip plant from Toshiba – Nikkei