TSMC, Sony to invest $4.7 billion in joint venture for image sensors

TAIPEI, Aug 11 : Taiwanese chipmaker TSMC and Sony Group said on Tuesday they will form a $4.69 billion joint venture to develop and make next-generation image sensors in southern Japan, with volume production expected to start in 2029.Sony will be the controlling shareholder and invest 465 billion yen ($2.92 billion), while TSMC will invest 282 billion yen, the companies said in a joint statement.The venture, Advanced Vision Semiconductor Manufacturing Corp, will be based in Kumamoto, where TSMC operates its Japan Advanced Semiconductor Manufacturing (JASM) chip plant.The joint venture will serve as a core hub for the development and production of image sensors for smartphones, using advanced manufacturing technology, the companies said.In addition to the investments by Sony and TSMC, the