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Sony CEO swats down Third Point pitch, calling chips 'core' unit

Yoshida says semiconductors will be used in array of businesses

Speaking at Sony's Technology Day event, CEO Kenichiro Yoshida dismissed Third Point's contention that the chip business has few synergies with the company's other operations. (Photo by Akira Kodaka)

TOKYO -- Sony's diverse array of technologies is a source of strength, CEO Kenichiro Yoshida said Wednesday, in a rebuttal of activist fund Third Point's demands for the conglomerate to shed its chip business and focus on entertainment.

Yoshida spoke at Sony's first Technology Day event, which showcased research and development advances that the company looks to commercialize over the medium to long term. These build on Sony's accumulated know-how in areas such as sensors, cameras and artificial intelligence to "create spatial and temporal value," Yoshida said.

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