Sony Sells Chip to Toshiba18 Oct, 2007 By: Chris Tribbey
A long rumored deal that has Sony Corp. selling its Cell microprocessor chip production lines to Toshiba Corp. became a reality Oct. 18.
Both companies acknowledged they had reached an agreement, but were working price details, and had pegged early 2008 as a target for getting the deal done. Previous reports put the price of the sale at roughly $870 million.
The Cell microprocessor was co-developed by IBM Corp., Toshiba and Sony, and is used in the PlayStation 3 and camcorders.
Sony also announced it had reached an agreement with the other two companies to create a more advanced version of the product.