Sony Group Corporation will build a new factory in Japan to manufacture smartphone image sensors. The company has planned to invest 5.83 billion dollars for this purpose. Reuters reported this news with reference to the Nikkan Kogyo Shimbun newspaper.
Sony wants to have the factory up and running by early 2025. However, Sony has not officially disclosed any information about the amount of investment.
The Nikkei said the Japanese electronics and entertainment giant will be cautious in deciding on the timing of construction and the amount of investment amid a global economic slowdown.
A spokesman for Sony’s semiconductor division declined to comment on the Nikkei report.