Sony rises more than 2.4% in response to rumors of splitting off its semiconductor business.

date
30/04/2025
Sony's US stocks rose more than 2.4% to $25.89. There are reports that Sony Group is considering splitting its semiconductor business within this year, promoting "Sony Semiconductor Solutions Corporation" to be independently listed, with the parent company possibly retaining a minority stake. Sony later responded officially saying "the reports are based on speculation, and there are no specific plans at the moment." Sony's semiconductor business mainly provides advanced image sensors to smartphone manufacturers like Apple, Xiaomi, and various camera manufacturers.