Sony Group and Taiwan Semiconductor Manufacturing Co. (TSMC) formalized a $4.69 billion joint venture in Kumamoto, Japan. The new entity, named Advanced Vision Semiconductor Manufacturing Corp, establishes Sony as the controlling shareholder.
Sony will invest approximately $2.92 billion in the project. TSMC will contribute about $1.77 billion, or 282 billion yen. The partnership will manufacture advanced image sensors for smartphones by combining Sony’s design expertise with TSMC’s manufacturing processes.
Volume production is scheduled to begin in 2029. Both companies are considering additional investments contingent on support from the Japanese government.