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    6758   JP3435000009

SONY GROUP CORPORATION

(6758)
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TSMC and Sony considering joint chip factory, Japan gov't to help -Nikkei

10/08/2021 | 10:03pm EST

TOKYO, Oct 8 (Reuters) - Taiwan's TSMC and Japan's Sony Group Corp are considering jointly building a chip factory in Japan, with the government ready to pay for some of the investment of about 800 billion yen ($7.15 billion), the Nikkei reported on Friday.

The plant in Kumamoto, southern Japan, is expected to produce semiconductors for automobiles, camera image sensors and other products which have been hit by a global chip shortage, and is likely to start operations by 2024, the report said.

Japan's top auto parts maker Denso is also looking to participate through such steps as setting up equipment at the site, the report said. The Toyota Motor group member seeks stable supplies of chips used in its auto parts.

Both Sony and TSMC declined to comment, while Denso was not immediately available to comment. TSMC, the world's largest contract chipmaker and major Apple Inc supplier had said in July that it was reviewing a plan to set up production in Japan.

TSMC has been concerned about the the concentration of chipmaking capability in Taiwan, which produces the majority of the world's most advanced chips. China does not rule out the use of force to bring the democratic island under its control.

Japanese officials are also worried about the supply chain stability of its industries, with a global chip shortage forcing automakers to cut production. ($1 = 111.8600 yen) (Reporting by Shinji Kitamura in Tokyo and Ben Blanchard in Taipei; Writing by Ritsuko Ando; Editing by Kim Coghill, Kirsten Donovan and Lincoln Feast.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -3.17% 156.81 Delayed Quote.22.04%
DENSO CORPORATION -1.63% 8657 End-of-day quote.41.13%
SONY GROUP CORPORATION -1.93% 13985 End-of-day quote.35.97%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED -1.16% 596 End-of-day quote.12.45%
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Analyst Recommendations on SONY GROUP CORPORATION
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Financials
Sales 2022 9 845 B 86 835 M 86 835 M
Net income 2022 781 B 6 890 M 6 890 M
Net cash 2022 1 199 B 10 575 M 10 575 M
P/E ratio 2022 22,4x
Yield 2022 0,44%
Capitalization 17 338 B 153 B 153 B
EV / Sales 2022 1,64x
EV / Sales 2023 1,55x
Nbr of Employees 109 700
Free-Float 98,2%
Chart SONY GROUP CORPORATION
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Sony Group Corporation Technical Analysis Chart | 6758 | JP3435000009 | MarketScreener
Technical analysis trends SONY GROUP CORPORATION
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TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 20
Last Close Price 13 985,00 JPY
Average target price 15 864,00 JPY
Spread / Average Target 13,4%
EPS Revisions
Managers and Directors
Kenichiro Yoshida Co-Chairman, President & Chief Executive Officer
Hiroki Totoki CFO, Director, VP & Head-Business Administration
Shuzo Sumi Co-Chairman
Toru Katsumoto Chief Technology Officer, Executive VP, Head-R&D
Tsuyoshi Kodera Head-Information Systems & Security
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