Sony Group shares jump on TSMC sensor venture and stronger profit outlook

12 articles · Updated · MarketWatch · May 11

The stock rose 9.8% to 3,420 yen in Tokyo on Monday, after climbing as much as 12% earlier.
Sony said after Friday's close it would form a joint venture with Taiwan Semiconductor Manufacturing Co to develop and produce next-generation image sensors, with Sony expecting to hold a controlling stake.
The company forecast net profit would rise 12.5% to 1.160 trillion yen this fiscal year, helped by game earnings, while CEO Hiroki Totoki said sensor supply has been limited by manufacturing capacity.

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