TSMC, Sony Confirm $4.69 Billion Image-Sensor Joint Venture, Production to Start 2029

3-line summary

• TSMC and Sony formally agreed to form a $4.69 billion joint venture, Advanced Vision Semiconductor Manufacturing Corp, to develop and make next-generation image sensors in Kumamoto, Japan, with volume production targeted for 2029, according to a Reuters report.
• Sony will be the controlling shareholder, investing 465 billion yen ($2.92 billion) including its Kumamoto chip factory, while TSMC will invest 282 billion yen; the companies first announced plans for the venture in May.

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