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Sony Considering Chip Unit Spinoff, Bloomberg Reports
Reports say that Sony is considering splitting off its Semiconductors department and listing it.
According to informed sources, Sony is considering spinning off its Semiconductors Business and going public as early as this year. Sources say that after the spin-off, the Japanese Conglomerates may retain a minority stake in Sony Semiconductor Solutions. A spokesperson for Sony responded, stating: "This report is based on speculation and there are no specific plans for this."
Top Gap Ups and Downs on Monday: SAP, TM, MUFG and More
U.S. stocks closed mixed: the three major Indexes showed different trends as investors focused on Technology stock Earnings Reports.
① Most China Concept Stocks rose, with the Nasdaq China Golden Dragon Index up 0.68%; ② IBM announced a 150 billion dollar investment plan; ③ Sony Group is reportedly considering splitting its Semiconductors business; ④ NXP Semiconductors Q1 revenue was 2.84 billion dollars, higher than market expectations.
What's Pushing Sony To Consider A Semiconductor Spinoff?
Market news: Sony is considering spinning off its Semiconductors Business, with the earliest being an independent listing this year.
According to informed sources, Sony is considering allocating most of its chip Business equity to Shareholders, retaining only a small portion of the equity; due to weak demand for Smart Phones, Sony's Semiconductors Business has also fallen into a growth stagnation; analysts state that the spin-off will give Sony's Semiconductors Solutions Group greater flexibility, while the group itself can also focus on its core Entertainment business.
