👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Sony eyes sale of Israeli chip arm in $300m deal
Sony is reportedly looking to sell its chip development operations in Israel, with the deal estimated at about US$300 million.
The Japanese technology company has engaged investment banks to help find a buyer.
The center, located in Hod Hasharon, develops connectivity and sensor chips for Internet of Things (IoT), focusing on low-power cellular networks, AI-integrated processors, and system-on-chip solutions.
It was established after Sony acquired Israeli chipmaker Altair for US$212 million in 2016.
Recently, the center cut jobs and issued pre-layoff hearing notices, reducing its workforce from about 400 people.
Led by Nohik Semel, the center earns roughly US$80 million annually, but Sony has not disclosed further details about the sale.
