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Sony to pour $5.3bn into image sensor production

Japanese company prepares for 'internet of things' era with 30% boost to spending

A Sony production facility in Japan. The company is the global leader in image sensors.

TOKYO -- Sony will spend 600 billion yen ($5.34 billion) over the three years through fiscal 2020 on raising output of image sensors and other chips, positioning itself for the rise of automated-driving technology and the "internet of things."

The investment, representing a 30% increase in semiconductor capital spending over the previous three fiscal years, aims to lift production capacity by 20% to 30%.

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