Toshiba is aiming at selling its assets to raise amount to compensate for the account irregularities that has jeopardized their business to a great extent and incurred an off profit of about 1.3 billion dollars reported over nearly 7 years. Both Sony and Toshiba are keeping mum about the progress of the deal, but according to reports, it is far along enough to expect an official announcement anytime soon. “Sony raised fresh capital to beef up the component’s production capacity earlier this year, and it also recently purchased a small Belgian sensor-technology company”, according to The Wall Street Journal. The company has supplies CMOS image sensors used in DSLR cameras and camera sensors in smartphone by companies like Apple, Samsung, Xiaomi, and Motorola. Sony stated that Toshiba now will be able to better devote its resources on areas where it has a competitive advantage.
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Sony controls about 40 percent of the market for complementary metal-oxide semiconductor (CMOS) image sensors, a type of integrated circuit that converts light into electrical signals. Sony has an excellent reputation for its sensors, hence why other manufacturers make a point of mentioning the presence of one inside a new phone.
Toshiba had exited its TV market in the West last January, then followed to plan with making less consumer PCs a couple of months after.
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Sony also confirmed that Toshiba employees working at the facilities, as well as those who are involved in the engineering and design side of things, will be transferred or at least given employment opportunities at Sony upon the successful completion of the transfer of Toshiba’s business to Sony. And after its senior executives were found to have played a big part in inflating the company’s profits, Toshiba had revised down its pre-tax profit figures and its net profit figures over a seven-year period.
