Reuters: Technology News: Sony to invest $997 million to boost output of CMOS sensors

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Sony to invest $997 million to boost output of CMOS sensors Jun 22nd 2012, 07:30 Tweet Share this Email Print Related News Sony to invest $997 mln to boost output capacity of CMOS sensors 2:23am EDT Eastman Kodak files for auction of Digital Imaging patents Mon, Jun 11 2012 Panasonic says no plan to invest in Olympus Thu, Jun 7 2012 Samsung Electronics moves CEO, seen grooming next leader Thu, Jun 7 2012 UPDATE 3-Olympus to cut 2,500 jobs, sell equity stake - media Wed, May 30 2012 Analysis & Opinion Why not enact an 'intelligent' national infrastructure plan? A Sony logo is seen as customers look at Sony's digital cameras at an electronic shop in Tokyo May 10, 2012. Credit: Reuters/Kim Kyung-Hoon TOKYO | Fri Jun 22, 2012 3:30am EDT TOKYO (Reuters) - Sony Corp said on Friday it would spend 80 billion yen ($997 million) to boost production of image sensors as part of its strategy to boost income from digital imaging. Sony, which posted a record net loss in the year to March 31, said it will complete the investment by September 2013 at its CMOS image sensor plant in Nagasaki in southern Japan, with half the money to be spent during the current business term as part of outlays already announced. Output at the plant will be 60,000 wafers a month once it has established new production lines, the company said. These will be sold to makers of smart phones and tablets and will also be used for Sony's own products. With its television unit hammered by weak demand and intense competition from foreign rivals such as Samsung Electronics the company is looking for ways to boost revenue and profits in other divisions. Sony expects sales at its TV unit, which has lost more than $12 billion in 9 years, to fall 11 percent to 17.5 million this business year. The company's new president, Kazuo Hirai, in April said that Sony's future lay in mobile devices such as the Xperia smartphone, gaming and digital imaging. He set a target for group sales of 8.5 trillion yen in two years, with an operating margin of more than 5 percent. (Reporting by Tim Kelly and Miki Kayaoka; Editing by Ramya Venugopal) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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