Madshrimps Forum Madness

Madshrimps Forum Madness (
-   WebNews (
-   -   Sony and Toshiba Officially Form Semiconductor Joint-Venture (

jmke 21st February 2008 09:15

Sony and Toshiba Officially Form Semiconductor Joint-Venture
Sony Corp., Sony Computer Entertainment Inc. (SCEI) and Toshiba Corp. on Wednesday officially agreed to form semiconductor manufacturing joint-venture that will be controlled by Toshiba and will manufacture various chips for the companies. To take control over the new joint-venture company, Toshiba will acquire equipment worth $832 million from Sony.

Under the terms of the definitive agreement, the joint-venture will start operation from April 1, 2008 in Nagasaki Technology Center of Sony Semiconductor Kyushu Corp. (SCK). It will be 60% owned by Toshiba, and Sony and SCEI will each take a 20% stake. Toshiba will appoint chairman and chief executive officer of the newly formed company, whereas president and chief operating officer will be appointed by Sony. The name of the joint-venture is not yet known and the companies promised to determine it at a later date.

All times are GMT +1. The time now is 18:15.

Powered by vBulletin® - Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO