SONY: Will continue to hold the semiconductor division, will not be split
Japan’s Sony CEO Yoshida Kenichiro, in an open letter to investors on the 17th, said that in the future, Sony will continue to retain the semiconductor division in consideration of the long-term corporate value brought by the semiconductor division.
One of Sony’s large shareholders, the big hedge fund “Third Point”, hosted by the well-known American active investor Daniel Loeb, wrote an open letter to investors in June this year, asking Sony to sell its golden chicken semiconductor. The department is split. In the past, Third Point also asked Sony to spin off its entertainment business in 2013.
On Tuesday (17th), Yoshida Yoshida mentioned in an open letter that Sony’s proposal for Third Point was a sincere review from many sources, but in the end, on the company’s board of directors, all of them agreed that the semiconductor sector is an important business leading Sony’s growth. One, and thus decided to keep the semiconductor sector in the company's parent.
In addition, due to the optimistic development of AI artificial intelligence and self-driving cars, Sony also believes that the CMOS of the main products will continue to expand in the future.
The results of the joint analysis with external financial experts show that if the semiconductor sector is split and made to be listed separately, it will not only increase the expenses of patent licensing fees, but also the negative impacts on employment. Causes considerable negative effects.
One of Sony’s large shareholders, the big hedge fund “Third Point”, hosted by the well-known American active investor Daniel Loeb, wrote an open letter to investors in June this year, asking Sony to sell its golden chicken semiconductor. The department is split. In the past, Third Point also asked Sony to spin off its entertainment business in 2013.
On Tuesday (17th), Yoshida Yoshida mentioned in an open letter that Sony’s proposal for Third Point was a sincere review from many sources, but in the end, on the company’s board of directors, all of them agreed that the semiconductor sector is an important business leading Sony’s growth. One, and thus decided to keep the semiconductor sector in the company's parent.
In addition, due to the optimistic development of AI artificial intelligence and self-driving cars, Sony also believes that the CMOS of the main products will continue to expand in the future.
The results of the joint analysis with external financial experts show that if the semiconductor sector is split and made to be listed separately, it will not only increase the expenses of patent licensing fees, but also the negative impacts on employment. Causes considerable negative effects.