Sony will increase investment in its chip business by up to $576 million over the next two years to enhance the competitiveness of its products, the company announced Tuesday.
The electronics and entertainment giant said it will invest in two factories in Southern Japan--the Sony Semiconductor Kyushu Corporation's Kokubu Technology Center and the Kumamoto Technology Center.
The funds will go toward increasing production at the two centers, which manufacture components used in liquid crystal displays and digital cameras. Expansion of the facilities is set to begin in May, with components produced from the two centers scheduled to come out in 2006.
Sony is one of the few companies in the electronics industry to use its own chips in its products. With its broad portfolio of businesses, Sony can use its own processors on a large scale. Sony will use its chips to differentiate and add value to its electronics products, according to a release from the company.
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