On August 14, Sony rose 3.77% in regular trading, trading at $24.55/share, with turnover of $10.60 million.

On the news front, Sony and TSMC formally signed a definitive agreement on August 11 to establish a joint venture named Advanced Vision Semiconductor Manufacturing, located in Kumamoto, Japan, targeting volume production of next-generation smartphone image sensors by 2029.

Under the agreement, Sony as the controlling shareholder plans to invest approximately 465 billion yen through cash and asset transfers, while TSMC will contribute approximately 282 billion yen in cash, bringing the total investment to nearly 1 trillion yen. Sony will lead core image sensor technology development, product planning and design, while TSMC will provide advanced process technology support. Sony will also appoint the representative director of the joint venture. The partnership is viewed as a strategic move to counter growing competition from Samsung and Chinese mainland chipmakers in the CMOS image sensor space.

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