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Toshiba to Sell Image Sensor Business to Sony

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Oct 28, 2015, 7:19 AM by Eric M. Zeman

Toshiba today said it will sell its camera chip unit to Sony as part of a bid to overhaul its finances. The deal is worth about $166 million, according to Reuters, and will shore up Sony's imaging business. Sony will gain Toshiba's plants in Oita along with its 1,100 workers. Sony's imaging sensor unit is one of the shining stars in Sony's numerous businesses. The addition of Toshiba's CMOS division will further strengthen Sony's position. Sony already owns about 40% of the market. Toshiba also said it will exit the white LED business, one of its many semiconductor units.

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