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.

Sony Bank has received preliminary approval in the United States to pursue a dollar-based stablecoin issuance and custody business. The U.S. Office of the Comptroller of the Currency gave preliminary conditional approval for the establishment of Connectia Trust, a wholly owned trust bank. The plan focuses on issuing a U.S. dollar-pegged stablecoin, managing reserves, providing digital asset custody and enabling transfers within a limited network for approved Sony assets and defined customers. Documents do not mention PlayStation payments.