Sony Group's stock price soars! Market hotly discusses the split of the semiconductor business, possibly creating the largest CIS giant.
According to the Wall Street Journal, Sony Corporation (SONY.US), a leader in the Japanese technology and entertainment industry, is considering spinning off its semiconductor business department for listing on the stock market. This move is seen by the market as a great opportunity to unlock the value of this Japanese entertainment and technology giant. If Sony's semiconductor business department is listed as an independent entity, it will create the world's largest CIS semiconductor giant. Boosted by this news, Sony's stock price rose sharply in the Japanese stock market, reaching a new high since April 1, with an increase of 6.8% at one point, ranking at the top of the Nikkei 225 index. The Japanese stock market was closed for a holiday on Tuesday, and when it reopened on Wednesday, the benchmark TOPIX index rose by about 0.5%.
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