Toshiba Corp. and Sony Corp. said they have agreed formally on a chip-making venture that will start operations next fiscal year.
In line with an accord in October, Toshiba will buy some of Sony's 300-millimeter-wafer production lines in western Japan for about 90 billion yen ($835 million). The companies said the deal will be completed by the end of March, and Toshiba will lease facilities to the venture, which will start operations April 1.
The venture will be 60% held by Toshiba, 20% by Sony and 20% by Sony Computer Entertainment Inc., Sony's game unit. The venture, which will be capitalized at 100 million yen, will make advanced chips used in Sony's PlayStation game consoles as well as in Toshiba's digital consumer goods
