Sony is reportedly in late-stage discussions with Toshiba to acquire its image sensor business. The deal, valued at around $165 million, could be announced as soon as this week according to sources familiar with the matter as reported by Bloomberg and others.
The purchase would further cement Sony’s dominance in the industry. Last year alone, the Japanese electronics giant accounted for nearly 40 percent of the $8.7 billion CMOS image sensor business. Its next biggest rival, Techno Systems Research, controlled just 16 percent of the market.
The industry is expected to grow to $12 billion annually by 2019, led by the continued mobile revolution.