NEWS
NEWS
NEWS
Sony Corp. is about to undergo a bit of an organizational reshuffle with the announcement that it’s to spin off its semiconductor business and reshape its Devices division.
In about six months time, Sony Semiconductor Solutions will split from the rest of the company to begin life as its own separate business unit, controlling manufacturing, research & development, and sales operations. The new division will still operate under Sony Corp., however.
In an announcement, Sony said the idea is that each of the three business units in the new division – battery, semiconductor and storage media – will be able to adapt more rapidly to the changing market environments afflicting them, enabling them to generate more sustained growth.
The reorganized Sony Devices business unit will also contain Sony’s imaging sensors operation, The Register reports. This particular operation has been wildly successful, capturing 40 percent of the global market for camera imaging sensors that can be fitted to anything from smartphones to surveillance tools. In its most recent quarter, Sony said its Devices business saw earnings grow by 35 percent, largely due to its imaging sensors.
Current deputy president of Sony’s device solutions group Terushi Shimizu will take over as president of the new Sony Semiconductor Solutions, the company added.
Meanwhile, Sony’s storage media business will be folded into its greater manufacturing arm under the Sony Storage Media and Devices group. As for its battery operation, which includes the company’s internal and external lithium-ion battery operations and its power supply and charger operations, this will remain under the Sony Energy Devices group.
Sony said it expects the entire reorganization to be completed by April 1st, 2016. No joke.
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