Sony paid $154 million forToshiba’s Image Sensor business

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Additional information on Sony acquisition of Toshiba's Image Sensor business - they  paid over $154 million for it:

Sony and Toshiba Sign Definitive Agreements for the Transfer of Semiconductor Fabrication Facilities

Tokyo, Japan, December 4th, 2015 -- Based on the memorandum of understanding entered into between Sony Corporation ("Sony") and Toshiba Corporation ("Toshiba") on October 28, 2015, the parties today announced that they have signed definitive agreements to transfer to Sony and to Sony Semiconductor Corporation ("SCK"), a wholly-owned subsidiary of Sony, certain Toshiba-owned semiconductor fabrication facilities, equipment and related assets in its Oita Operations facility, as well as other related equipment and assets owned by Toshiba (the "Transfer").

Under the agreements, Toshiba will transfer semiconductor fabrication facilities, equipment and related assets of Toshiba's 300mm wafer production line, mainly located at its Oita Operations facility. The purchase price of the Transfer is 19 billion yen. Sony and Toshiba aim to complete the Transfer within the fiscal year ending March 31, 2016, subject to any required regulatory approvals.

Following the Transfer, Sony and SCK plan to operate the semiconductor fabrication facilities as fabrication facilities of SCK, primarily for manufacturing CMOS image sensors.

The parties expect to offer the employees of Toshiba and its affiliates employed at the fabrication facilities to be transferred, as well as certain employees involved in areas such as CMOS image sensor engineering and design (approximately 1,100 employees in total), employment within the Sony Group, upon the completion of the Transfer.

Outline of 300mm wafer fabrication facilities, Toshiba Oita Operations

Building completion:
February, 2004
Location:
3500 Oaza Matsuoka, Oita City, Oita Prefecture, Japan
Building area:
24,100 m2
Total floor space:
48,800 m2
Main products:
CMOS image sensors, memory controllers

Source

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  • Marcelo Tezza

    Sony has been “Lucky” recently, Olympus, now Toshiba. Strange…

    • waterengineer

      Luck resides at the intersection of preparation and opportunity.

      • Marcelo Tezza

        Not really you can have preparation and opportunity, and not being lucky.

    • MdB

      You mean “nearly bankrupt Olympus bail-out”? Yeah lucky!

      • Marcelo Tezza

        I mean two cases of corruption inside companys.

  • Zos Xavius

    Since Toshiba was already building sensors based upon licensed Sony technology, I struggle to understand what they are gaining here. I guess 145 million is easily cheaper than building out a new comparable fab so I guess this is just a way for them to buy another factory at a discount.

    • My question is why didn’t Nikon buy Toshiba’s sensor unit.

      • Zos Xavius

        A good question. Cost? Sony has much deeper pockets.

        • It probably means that Nikon still has a way of getting the sensors they want.

          • animalsbybarry

            Perhaps the rumors about Samikon are true.

          • you already know what I think about it, but since you mention it again I will tell you again that this was nothing more than clickbait – did you see how the “100% sure deal from a trusted source” turned to “maybe it’s just a sensor partnership”… big difference, but you can believe whatever you want – I am just giving you my opinion and I could be wrong

      • CaMeRa QuEsT

        Nikon’s policy seems to be to not own a fab, thus allowing them to contract whoever has a state of the art fab to manufacture their own newest designs or requirements. In contrast, Canon owns its own fab and is now limited by how old it is. Sony did buy the Toshiba fab for pennies on the dollar, though, an opportunity Nikon missed.

        • El Aura

          And not only Nikon’s policy, also Omnivison, On Aptina, Foveon, GalaxyCore, Pixelplus, Pixart, Siliconfile and another small company called Apple (for which available cash doesn’t seem like the relevant reason).

  • animalsbybarry

    Sony paid 19 billion yen
    Plant cost Toshiba 200 billion yen to set up in 2004.

    • MdB

      You know plant depreciates right?

  • Spy Black

    That’s pretty cheap for a company like Sony.

  • Eagle of MorningCalm

    Nikon failed to buy Toshiba sensor unit, so does Samsung camera division. I think Nikon may be now in trouble supplying their sensor….Nikon may soon to be owned by Samsung.

    • Zos Xavius

      And yet you do?

  • Eagle of MorningCalm

    Here is another story.

    Samsung sold 3 737 bbj to Korean air and 5 helicopters to Korean authority airport. I think Samsung is onto something ??????

    http://blog.naver.com/PostView.nhn?blogId=sisaftoday&logNo=220478402395

  • BP2012

    Christmas sales

  • Jón Ingólfur Hermannsson

    very cheap and Sony says one down and few to go before we can monopolies the sensor market and control prices – that is keep them high 🙂

    Now Olympus camera division is next on Sony’s hit list – they can discontinue the APS-C Emount line and rebrand the OLY mirrorless bodies Sony M43

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