Market Chatter: Sony to Receive Up to $377.2 Million Japan Subsidy for Image Sensor Plant

MT Newswires Live04-17

Sony Group (SONY) will receive Japan government subsidies of up to 60 billion Japanese yen ($377.2 million) for an image sensor facility in the city of Kumamoto, Reuters reported late Thursday, citing industry minister Ryosei Akazawa as saying in a press conference.

Image sensors will be essential for autonomous driving and physical artificial intelligence, Akazawa said during the press conference.

Sony did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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