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The Economic Times
The Economic Times

TSMC, Sony to invest $4.7 billion in joint venture for image sensors

TSMC Sony Kumamoto

Taiwanese ​chipmaker TSMC and Sony ​Group said on Tuesday they will form ​a $4.69 billion joint venture to develop and make next-generation image sensors in southern Japan, with volume production expected to start in ‌2029.

Sony will ⁠be ⁠the controlling shareholder and invest 465 billion yen ($2.92 billion) through ​a combination of cash and asset transfers, including its newly constructed ​chip factory in Kumamoto prefecture, while TSMC will invest 282 billion yen, the companies said in a joint ​statement.

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