December 24, 2010, Tokyo, Japan - Sony Corporation ("Sony") today announced that Sony plans to invest approximately 100 billion yen in Sony Semiconductor Kyushu Corporation's Nagasaki Technology Center ("Nagasaki TEC") in the fiscal year ending March 31, 2012, to increase the production capacity for CMOS image sensors.
This investment plan includes (i) the transfer of the semiconductor fabrication facilities from Toshiba Corporation ("Toshiba") contemplated under a non-binding memorandum of understanding between Sony and Toshiba jointly announced on December 24, 2010, (ii) refurbishment of a part of the above semiconductor fabrication facilities into new wafer lines capable of manufacturing CMOS image sensors, and (iii) refurbishment and equipment of a part of production facilities at Nagasaki TEC Building 3 for wafer processing to differentiate Sony's CMOS image sensors with Sony's independently developed unique technologies.*1 Through the investment plan, Sony will utilize a governmental subsidy to be provided by the Ministry of Economy, Trade and Industry in Japan - the "subsidy for programs to promote siting low-carbon job-creating industries" - mainly in connection with the investment mentioned in (iii) above.
*1:These investments are subject to the execution of definitive agreements between Sony and Toshiba and the consummation of the contemplated transfer of the semiconductor fabrication facilities mentioned in (i) above.