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Benzinga
Benzinga
Business
Anusuya Lahiri

Sony's Chipset Unit Up For Sale To Fuel Entertainment Push

Sony

Sony Group (NYSE:SONY) stock is trading higher on Thursday following reports indicating its attempts to sell its cellular chipset unit, Sony Semiconductor Israel, as it shifts its strategic focus toward entertainment.

The Japanese tech and entertainment giant has engaged investment bankers to manage the early-stage sale process, Reuters reported on Thursday, citing unnamed sources familiar with the matter.

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