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Sony, TSMC to set up $4.69 billion image sensor joint venture in Japan

Sony Group and Taiwan\'s TSMC will set up a $4.69 billion joint venture in Koshi, Kumamoto prefecture, to produce next-generation smartphone image sensors. The partners signed a binding final agreement to establish Advanced Vision Semiconductor Manufacturing. Sony will control management through its chip unit Sony Semiconductor Solutions. Total investment is 747 billion yen, with TSMC funding to be deployed in stages. The venture also depends on sufficient support from the Japanese government.