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Thursday October 18, 10:56 AMSony to Sell Chip Operations to ToshibaSony Corp. is selling its advanced computer chip operations to Toshiba Corp., a Sony official said Thursday. The Sony official, speaking on condition of anonymity because the announcement is yet to be official and involves another party, said the agreement will be announced later in the day. Speculation had been rife that struggling Sony, seeking to turn around its core electronics sector, would sell some parts of its business, such as its chip manufacturing operations. The sale is expected to include the manufacturing business for the "Cell" chip used in Sony's PlayStation 3 video game console and other sophisticated gadgets. Japan's top business daily The Nikkei reported Thursday that the deal was worth an estimated 100 billion yen ($858 million) and would be completed by March. Toshiba spokeswoman Hiroko Mochida said she was looking into the report but declined to comment. |
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