Once known for its compact discs and Walkmans, Sony has suffered losses from its consumer goods in recent years. These losses, along with the success of the division in charge of image sensors lead to a surprising move by the Japanese giant.
Sony announced yesterday that it will raise 440 billion yen (nearly $4 billion) in order to further invest in image sensor development and production capabilities.
Despite major efforts, the company failed to see profit from its TV and mobile business.
On the other hand Sony is currently supplying its sensors to some of the largest tech companies, including its rivals in the photography and mobile markets, maintains a huge share of the market and is unable to meet the demand for its semiconductors.