Sony To Buy Toshiba’s Oita, Japan, Wafer Plant for CMOS Image Sensor Production Base

Sony will acquire Toshiba’s wafer factory in Oita City, Japan, and use it as a production base for CMOS image sensors, the companies said Wednesday in a joint announcement. Financial terms weren't disclosed. Sony and Toshiba plan to sign a binding agreement on the deal by the end of December and complete the transaction before the March 31 end of the current fiscal year for both companies, they said. Toshiba will outsource CMOS image sensors from the Sony facility after the deal is done, they said. Sony and Toshiba also are negotiating to offer jobs within Sony to 1,100 Toshiba employees at Oita, they said.