Business
Sony set to sell chip operations to Toshiba

TOKYO (AP): Sony is selling its advanced computer chip operations to Toshiba, a Sony official said on Thursday, adding that details will be announced later in the day.

Speculation had been rife that struggling Sony Corp., 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 companies agreed to the deal, to be completed by March, estimated at nearly 100 billion yen (US$858 million; euro604 million).

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.

Toshiba spokeswoman Hiroko Mochida said she was looking into the report but declined comment.

Business

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