Sony has agreed to sell the semiconductor factories responsible for making PlayStation 3 chips to Toshiba in a deal expected to be valued at about Y100bn ($865m).
The move is a retreat for Sony from high-end semiconductor fabrication and further enables the group to focus on its core electronics operations.
Sony has adopted a so-called fab-lite model, by which it has outsourced non-core components, in line with the trend in the semiconductor industry.
The move will allow Sony to focus on developing image sensor chips, which are integral to its digital cameras and camcorders, items that are selling briskly.
So are we expecting PS4 from Toshiba now? :-)
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