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

Yoshida says semiconductors will be used in array of businesses

20190918N Sony Yoshida

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)

HISASHI IWATO, Nikkei staff writer

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.

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