Sony and TSMC Sign $4.7B Sensor Joint Venture, Production 2029

Sony Semiconductor Solutions and TSMC have formalised their joint venture to manufacture image sensors in Koshi City, Kumamoto Prefecture. The deal is worth roughly 747 billion yen (~$4.7B AUD equivalent varies, USD ~$4.7B at 158 yen). Sony puts in ~$2.9B including its new Koshi fab and keeps controlling shareholder status; TSMC contributes ~$1.8B cash and its advanced process technology. The venture is named Advanced Vision Semiconductor Manufacturing Corporation. Volume production is targeted for 2029.