Sony To Expand CMOS Image Sensor Plant Capacity With Proceeds From New Stock Offering
Sony expects to raise 440 billion yen ($3.6 billion) through issuance of 87.2 million shares of new common stock and other stock and bond offerings, the company said in a Tuesday announcement. It plans to use nearly three-quarters of the…
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funds raised for research and development in its devices sector and to boost the production capacity of stacked CMOS image sensors for digital imaging products, the company said. It will use the rest of the proceeds to pay down debt, it said. Sony executives repeatedly touted their company’s global market-share supremacy in CMOS image sensors when they debuted three new cameras mid-June in what they called “game-changing announcements” (see 1506100046).