Latest news with #AltairSemiconductor
Yahoo
4 days ago
- Business
- Yahoo
Sony looking to divest cellular chipset division
Sony Group is evaluating the potential sale of its cellular chipset business, Sony Semiconductor Israel, reported Reuters, citing three sources. This divestment is part of the company's strategy to focus on its entertainment operations. The Japanese conglomerate is collaborating with investment bankers to explore the sale, which is still in its preliminary phase, the sources indicated. The division, previously known as Altair Semiconductor, generates approximately $80m in annual recurring revenue and could be valued at around $300m in a potential transaction, they added. The business, which supplies cellular chipsets for connected devices such as wearables, smart meters, and home appliances, is expected to draw interest from both financial investors and companies within the semiconductor sector, the sources told Reuters. Sony declined to comment, and the sources spoke on condition of anonymity as the discussions are not public, the report noted. Sony acquired the Israel-based unit in 2016 for $212m. The company has increasingly prioritised its entertainment divisions, including games, movies, and music, which accounted for over 60% of its profit last year. As part of its portfolio restructuring, Sony is also preparing for a partial spinoff and direct listing of its financial services arm later this year. In April 2025, Bloomberg also reported that Sony is considering spinning off its semiconductor unit, potentially making Sony Semiconductor Solutions an independent entity this year. The spinoff would involve distributing most of Sony's chip business holdings to shareholders while retaining a minority stake. "Sony looking to divest cellular chipset division" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
6 days ago
- Business
- Yahoo
Sony explores sale of cellular chipsets business, sources say
By Milana Vinn NEW YORK (Reuters) -Sony Group is exploring a sale of its unit that provides cellular chipsets for connected devices, as the group shifts its focus to the entertainment segment, according to three people familiar with the matter. The Japanese technology and entertainment conglomerate is working with investment bankers on the sale of Sony Semiconductor Israel, which is currently in the early stages, the sources said. It generates about $80 million in annual recurring revenue and is expected to be valued at close to $300 million in any deal, the sources said. The business is expected to attract interest from financial sponsors and semiconductor industry players, added the sources. Sony declined to comment. The sources requested anonymity as the matter is not public. Formerly called Altair Semiconductor, Sony Semiconductor Israel provides cellular chipsets for connected devices such as wearables, smart meters, and home appliances. Sony acquired the business in 2016 for $212 million. Sony has been increasing its focus on games, movies, and music, with more than 60% of its profit coming from entertainment last year. As part of its portfolio reshaping, Sony is preparing for a partial spinoff and direct listing of its financial services arm later this year. A leading maker of image sensors, Sony said in April it is considering options for its chips division, including bringing in investment partners or adopting a fab-light strategy. Sign in to access your portfolio
Reuters
6 days ago
- Business
- Reuters
Sony explores sale of cellular chipsets business, sources say
NEW YORK, July 23 (Reuters) - Sony Group (6758.T), opens new tab is exploring a sale of its unit that provides cellular chipsets for connected devices, as the group shifts its focus to the entertainment segment, according to three people familiar with the matter. The Japanese technology and entertainment conglomerate is working with investment bankers on the sale of Sony Semiconductor Israel, which is currently in the early stages, the sources said. It generates about $80 million in annual recurring revenue and is expected to be valued at close to $300 million in any deal, the sources said. The business is expected to attract interest from financial sponsors and semiconductor industry players, added the sources. Sony declined to comment. The sources requested anonymity as the matter is not public. Formerly called Altair Semiconductor, Sony Semiconductor Israel provides cellular chipsets for connected devices such as wearables, smart meters, and home appliances. Sony acquired the business in 2016 for $212 million. Sony has been increasing its focus on games, movies, and music, with more than 60% of its profit coming from entertainment last year. As part of its portfolio reshaping, Sony is preparing for a partial spinoff and direct listing of its financial services arm later this year. A leading maker of image sensors, Sony said in April it is considering options for its chips division, including bringing in investment partners or adopting a fab-light strategy.
