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.