TOKYO -- After brushing aside demands from Daniel Loeb's hedge fund Third Point to spin off its semiconductor business, Sony reaffirmed its commitment to the sector by pushing forward plans to build a 100 billion yen ($918 million) factory in Japan.
Technology
Sony's new plant signals departure from 'asset-light' strategy
5G's rise and potential of markets beyond smartphones drive pivot
Sony CEO Kenichiro Yoshida speaks at a tech conference in Tokyo in September.
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