Sony Corp will spin out its semiconductor business into a new company as president Kazuo Hirai revamps the devices business to focus on hit products such as image sensors and considers selling underperforming assets.
Sony Semiconductor Solutions Corp will begin operating in April and be led by Terushi Shimizu, currently second-in-charge of the devices segment.
Two other units in that segment, Sony Energy Devices Corp and Sony Storage Media & Devices Corp, will continue as separate companies, the Tokyo-based parent said yesterday.
The new structure reflects Hirai’s push to make managers more accountable and speed decision-making as the company targets its highest profit in two decades.
The move may also make it easier to divest weaker units, as the company did with its Vaio PCs last year.
Sony, whose video game, movie and music businesses already operate independently of the parent, this month spun off its iconic Walkman brand into a separate company along with headphones, home theater equipment and Blu-ray players.
“The aim of these measures is to ensure clearly attributable accountability and responsibility from the perspective of shareholders,” it said in a statement.
Sony’s devices arm accounted for about 11 percent of its revenue in the quarter ending June. The business more than doubled profit to ¥30.3 billion (US$250 million) on sales to smartphone makers.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. This has implications across the region, given Cordlife’s operations in Hong Kong, Macau, Indonesia, the Philippines and India. The parents paid for years to have their infants’ cord blood stored, with the understanding that the stem cells they contained