Sony Considers $300 Million Sale of Israeli Chip Unit Amid Strategic Shift

Sony Semiconductor Israel, formerly Altair Semiconductor, may soon find itself under new ownership as the Japanese conglomerate explores divesting the unit for approximately $300 million. The potential sale aligns with Sony's broader pivot toward entertainment and away from semiconductor manufacturing.

Acquired in 2016 for $212 million, the Israeli firm specializes in cellular chipsets for IoT devices like smart meters and wearables, generating $80 million in annual recurring revenue. Industry analysts anticipate fierce bidding from semiconductor players and financial investors should the deal progress beyond preliminary discussions.

The MOVE forms part of Sony's sweeping restructuring efforts, including April's announcement of potential fab-light transitions for its chip business and plans to publicly list its financial services division. Entertainment now drives 60% of corporate profits, cementing its position as the company's growth engine.