Sony considering chip unit spinoff, Bloomberg reports
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The Sony logo is displayed outside the company's headquarters in Tokyo, Japan February 16, 2023. REUTERS/Issei Kato
TOKYO (Reuters) -Sony is considering a spinoff and listing of its semiconductor business as soon as this year, Bloomberg News reported, citing anonymous sources.
The Japanese conglomerate may retain a minority stake in Sony Semiconductor Solutions after the spinoff, Bloomberg reported.
"The article is based on speculation and there are no such specific plans," a Sony spokesperson said.
Sony has become an entertainment behemoth in recent years and is spinning off its financial arm.
(Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)
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