Sony has announced that it acquired Toshiba's image sensor business for $155 million. Talks of a merger emerged earlier this year, and the manufacturer has now confirmed that Toshiba's manufacturing facilities and employees will be transferred to Sony Semiconductor Corporation by the financial year ending March 2016.
After failing to make a dent in the smartphone segment, Sony has shifted focus to its image sensor unit, which is why it spun off the business into an autonomous entity in October. With its image sensors used in a majority of high-end phones from the likes of Apple, Samsung, LG and Xiaomi, Sony will be looking to maintain its competitive edge.
Sony has mentioned that the Toshiba manufacturing facility will be used primarily for the production of CMOS sensors.
Be an expert in 5 minutes
Get the latest news from Android Central, your trusted companion in the world of Android
Harish Jonnalagadda is a Senior Editor overseeing Asia at Android Central. He leads the site's coverage of Chinese phone brands, contributing to reviews, features, and buying guides. He also writes about storage servers, audio products, and the semiconductor industry. Contact him on Twitter at @chunkynerd.