Sony considering chip unit spinoff, Bloomberg reports


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FILE PHOTO: The Sony logo is displayed outside the company's headquarters in Tokyo, Japan February 16, 2023. REUTERS/Issei Kato/File Photo

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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