Sony confirms Toshiba image sensor acquisition plans

Sony has confirmed its intention to purchase Toshiba’s image sensor business.

Last week a report emerged claiming that Toshiba had agreed to sell its image sensor business to Sony for 20 billion yen, or around £107.5 million.

Today, Sony has confirmed this report. The two companies have apparently entered into a non-binding agreement signifying their “intent to negotiate the transfer to Sony of certain Toshiba owned semiconductor fabrication facilities, equipment and related assets in Oita Prefecture, and also other related equipment and assets.”

This will boost Sony’s production capabilities in what has become one of its most lucrative markets. As well as providing for its  own acclaimed cameras, Sony is already the foremost producer of images sensors for the smartphone market.

Indeed, it’s been reported in the past that Sony makes $20 every for every iPhone 6 sold, thanks to Apple’s ongoing use of the company’s sensors.

There should be a legally binding agreement in place by the end of the year, while the transfer should be completed within the financial year ending March 2016.

Related: Best Android Smartphones 2015

What hasn’t been confirmed as yet is that 20 billion yen price tag, or any financial details for that matter.

Earlier in the month, Sony announced that it was splitting off its image sensor business into its own wholly-owned subsidiary. It’s hoped that this will enable the business to better adapt to changing market conditions.

Check out our smartphone buyer’s video guide below:

More from TrustedReviews

LG Q8 finally brings the V20’s promise to Europe

Atari is now in the speaker business… and the hat business

Thinner Moto Z2 Force could come with a huge trade-off

HyperLoop One

Elon Musk’s Hyperloop gathering pace as NY-DC link gets ‘OK’

N64oid

Is this proof an N64 Classic will follow the SNES?

Agents of Mayhem preview

cats 17

Why you’ll want to download this OnePlus 5 update today

Golf rory

British Open Golf Live Stream: How to watch online for free

Call of Duty: Infinite Warfare for Xbox One down to under £9

Samsung Gear S3 finally gets Samsung Pay support in UK

Welcome to the all new Trusted Reviews

Netgear Arlo

Netgear Arlo Pro

Cat Amazon

Are you kitten me? Pet translation devices tipped for future smart homes

fire emblem warriors

Fire Emblem Warriors

pokken

Pokkén Tournament DX

TP-Link Smart Wi-Fi LED Bulb 5

TP-Link Smart Wi-Fi LED Bulb

Samsung Pay

Samsung Pay now lets you use your PayPal funds at the checkout

assassins creed origins

Ubisoft teases new games for Nintendo Switch, coming ‘quite soon’

amazon echo

Ask Vodafone: Mobile network’s first Amazon Alexa voice skill is revealed

Google Feed

The Google app’s new personalised feed might just drag you off Facebook

z2play 9

Moto Z2 Play

Mira Prism

For just $99 you can bring AR to the iPhone 7

Samsung Galaxy S8

Samsung Galaxy S9 displays may be the same, save one major new feature

movie theatre

The Netflix Effect: ‘Binge-watching’ is coming to movie theatres

Porsche MIssion E

Porsche’s latest electric car chargers put Tesla to shame

EE logo

EE’s new 20GB SIM-free deal is the best value tariff you’ll see all summer

Int-Ball

These are the first images from the ISS – as captured by a zero-gravity drone

iMac 21.5-inch 4K (2017)

LG V30 case

LG V30 design ‘confirmed’ ahead of IFA 2017 launch

iPhone 7 vs iPhone SE

Waiting for the iPhone SE 2? Sadly, it could be a one-and-done

Google Glass Enterprise

Google Glass 2 has arrived, sort of

Denon AH-C621R

Denon AH-C621R

BBC Proms

Get ready to listen to the BBC Proms like never before

Fender Newport Monterey Bluetooth speakers

Fender’s new Bluetooth speakers look just like tiny guitar amps

Garmin Vivosmart 3

Garmin Vivosmart 3

airplane

Is the laptop travel ban dead? Electronics restrictions lifted by TSA but UK fails to follow suit

KitSound Immerse

KitSound Immerse Wireless Headphones

Emojis

It’s World Emoji Day and Apple is showing off all of its newcomers

Porn Block

Privacy fears as UK plans age verification for porn sites

WhatsApp

New WhatsApp feature could give Apple’s iMessage a run for its money