(PR) Sony Semiconductor Solutions and TSMC Establish Joint Venture for Next-Gen Image Sensors

Sony Semiconductor Solutions Corporation ("Sony") and Taiwan Semiconductor Manufacturing Company Limited ("TSMC") (TWSE: 2330, NYSE: TSM) today announced the execution of a legally binding definitive agreement for the establishment of Advanced Vision Semiconductor Manufacturing Corporation as a joint venture ("JV") in Koshi City, Kumamoto Prefecture, Japan. The JV will serve as a core hub for the development and manufacturing activities required for the volume production of image sensors for smartphones utilizing advanced manufacturing process technology. The JV is expected to commence volume production in 2029.

Sony will be the sole controlling shareholder and the JV is planned to operate as a consolidated subsidiary of Sony Group Corporation. The Representative Director of the JV is planned to be appointed by Sony.