Sony Group is reportedly considering the sale of its cellular chipsets business to increase focus on its entertainment sector, according to sources familiar with the matter.

The Japanese conglomerate is working with investment bankers on a potential sale of Sony Semiconductor Israel, which manufactures chipsets for connected devices like wearables and smart appliances.

The sale process is still in its early stages.

The unit, formerly Altair Semiconductor, generates about US$80 million in annual recurring revenue and could be valued around US$300 million.

Sony acquired the business in 2016 for US$212 million.

Interest is expected from both financial sponsors and semiconductor companies.

Sony has not commented on the discussions.

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