Starting March 2008, Toshiba is the proud new owner of Sony's microprocessor and graphic chip production facilities. Toshiba, Sony and Sony Computer Entertainment will set up a joint venture to run the Nagasaki "Cell" microprocessor output plant next April. The price hasn't been set yet, but it's likely to be over US $858 million. Previously, Sony said it planned to cut back on chip spending and possibly might not produce advanced 45-nanometer "Cell" chips. Under this new partnership, Toshiba and Sony will cooperate in producing 45-nm "Cell" chips. This is the last year of CEO Howard Stringer's aggressive plan to cut non-core business. Sony spokesperson Daichi Yamafuji assures that gaming consoles are still one of Sony's core businesses.
Cell Plants to be Sold [Reuters]