Sony Mulling Over Spinoff of Chip Unit, According to Bloomberg's Report
Rewritten Article:
Tokyo — Whispers echo about Sony's potential shake-up, with reports suggesting the tech heavyweight could be spinning off its semiconductor business and floating it on the stock exchange as early as this year. According to unnamed sources, Sony might keep a piece of the semiconductor pie post-spinoff, as per a Bloomberg News piece.
The rumors, however, seem to be just that—rumors. A Sony representative has squashed any speculation, stating emphatically that there are no formal plans in motion at this time. Sony's rise to entertainment dominance over the years has seen it venture into spinning off other ventures, like its financial arm. But as of now, nothing concrete has been set in stone regarding the semiconductor business's future.
It's important to note that while discussions about a spinoff and IPO have surfaced in recent times, it's crucial to emphasize that none of these plans were set in stone for 2021. Despite the recent flurry of news, Sony has maintained its stance that no specific plans for the semiconductor business's IPO have been solidified to date.
[[1] Source 1, [2] Source 2, [3] Source 3]
- The conglomerate, Sony, has been rumored to spin off its semiconductor business, with speculations suggesting a possible IPO this year.
- According to certain reports, the spun-off semiconductor business might still hold a connection to Sony Finance, should the spinoff occur.
- However, a Sony representative has clarified that there are no formal plans currently in place for the semiconductor business's spinoff and IPO.
