Sony Announces It Will Split Off Its Image Sensor Business Into It’s Own Company
Oct 6, 2015
Tiffany Mueller
Tiffany Mueller is a photographer and content strategist based in Hawi, Hawaii. Her work has been shared by top publications like The New York Times, Adobe, and others.
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In a press release put out by Sony on October 6th, the company announced it would splitting off it’s sensor division and developing it into it’s own company division, Sony Semiconductor Solutions . The company touched on the potential for a division back in February, and it appears as though they moving ahead with plans at full steam. The press release stated Sony Semiconductor Solutions will be up and running on April 1, 2016.
“In the semiconductor business, where image sensors are a primary area of focus, Sony will establish Sony Semiconductor Solutions Corporation (“Sony Semiconductor Solutions”) to further reinforce this business, and concentrate on sustained growth…The aim of these measures is to ensure clearly attributable accountability and responsibility from the perspective of shareholders, management policies with an emphasis on sustainable profit generation, and the acceleration of decision-making processes and reinforcement of business competitiveness. The decision to establish Sony Semiconductor Solutions forms part of this strategy.”
Rueters reported Sony vowed to spend an additional $374 million to fortify their lucrative sensor production business, after having just announced a $873 million spending plan in February for the purpose.
[ via Rueters | PhotoRumors | Lead Photo By Steve Maw ]
Tiffany Mueller
Tiffany Mueller is a photographer and content strategist based in Hawi, Hawaii. Her work has been shared by top publications like The New York Times, Adobe, and others.
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10 responses to “Sony Announces It Will Split Off Its Image Sensor Business Into It’s Own Company”
I hate to be that guy, but it should be “its,” not”it’s.”
haha, no hard feelings ;)
Well that escalated quickly! :D
Yeah, apparently there are actually many hard feelings. Gotta love the people of the internet! :)
I hate to be that guy but it actually should be “its’ ” and not “its”.
I’d hate to be the guy who exposes his ignorance by claiming that its’ is grammatically correct.
(Neutral possessive is its not its’.)
I hate to be the guy to expose an idiot who cannot see the joke.
If thats’ your idea of humor, dont’ quit your day job.
You wouldn’t know what humor is if it punched and kicked you in your ugly face.
Sony MUST split with its CEO if it wants to survive. That CEO has singlehandedly destroyed the company over the span of half a decade. It needs to be now. New leadership must come in. Selling off all their innovations and divisions is NOT a way to go.