Sony Corp. will spin out its semiconductor business into a new company as President Kazuo Hirai revamps the devices business to focus on hit products such as image sensors and considers selling underperforming assets.
Sony Semiconductor Solutions Corp. will begin operating in April and be led by Terushi Shimizu, currently second-in-charge for the devices segment. Two other units in that segment, Sony Energy Devices Corp. and Sony Storage Media & Devices Corp., will continue as separate companies, the Tokyo-based parent said.
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