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Sony invests $900m in chips to seize 5G smartphone demand

Company defies hedge fund Third Point's order to spin off that business

A Sony plant in Kumamoto Prefecture. The company will build a new factory in Nagasaki Prefecture to make semiconductor image sensors for smartphone cameras. (Nikkei montage)

TOKYO -- Japanese electronics-maker Sony will invest in a new factory in Nagasaki Prefecture to produce semiconductor image sensors used in smartphone cameras, Nikkei has learned. The company aims to capitalize on growing demand for high-end cameras in the devices that will take advantage of ultra-fast 5G networks.

Sony plans to allocate 100 billion yen ($918 million) for the project in its budget for the next fiscal year, and to have the plant online as soon as the fiscal year that starts in April 2021.

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