Sony (SONY) is considering spinning off its semiconductor unit, Sony Semiconductor Solutions, which may occur as soon as this year, reported Bloomberg’s Yasutaka Tamura and Yuki Furukawa. Sony may distribute the bulk of its holding to shareholders while retaining a minority stake, following a similar plan to the spinoff of its financial arm, according to the report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SONY: