Sony Raises 3-Yr Investment Target to 1.1-1.2 T. Yen

Economy

Tokyo, May 21 (Jiji Press)--Sony Corp. <6758> said Tuesday it has raised its capital investment target over the three years through March 2021 to between 1.1 trillion and 1.2 trillion yen from the initial projection of one trillion yen.

Increased demand for complementary metal-oxide semiconductor, or CMOS, image sensors is behind the investment boost, the Japanese electronics giant told a corporate strategy meeting for investors.

"We need investment to expand production over the next few years," President Kenichiro Yoshida said.

The increased portion will be spent to enhance CMOS image sensor production capacities at existing facilities, such as a factory in Kumamoto Prefecture, southwestern Japan.

CMOS image sensors are used in smartphones and vehicles.

[Copyright The Jiji Press, Ltd.]

Jiji Press