On August 14, Sony rose 3.3% in pre-market trading, trading at approximately $24.35 per share, with turnover of $11,300.

On the news front, Sony and Taiwan Semiconductor Manufacturing (TSMC) formally signed a definitive agreement on August 11 to establish a joint venture named Advanced Vision Semiconductor Manufacturing, located in Kumamoto, Japan. The JV will develop and manufacture next-generation image sensors for smartphones using advanced process technology, with volume production targeted for 2029.

Sony, as the controlling shareholder, plans to invest approximately 465 billion yen through cash and asset transfers, while TSMC will contribute about 282 billion yen in cash, bringing total investment to nearly 1 trillion yen (approximately $6.4 billion). Under the partnership, Sony will lead core image sensor technology development, product planning, and design, while TSMC will provide advanced process support. Sony will also appoint the representative director of the JV. The collaboration is viewed as a strategic move to counter growing competition from Samsung and Chinese chipmakers in the CMOS image sensor space.

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