Sony has finalised its acquisition of Japanese manufacturing plant Renesas Electronics, the same site that produces the Wii U’s DRAM chip. While Sony has issued a press release on the matter, Nintendo is yet to discuss it.
We first reported on the
rumoured ¥7 billion take-over earlier in the week. Just hit the link for all of the details.
Now, Sony has purchased the plant, located in Tsuruoka, Yamagata prefecture. The site was acquired for ¥7.51 billion, which is around $73 million, and gives Sony ownership of the whole business as of March 31.
The plant was due to be closed to make way for a major restructuring effort, but Sony has vowed to oversee the site and even absorb some of Renesas’ staff into its ranks. Sony will use the location to open its new Yamagata Technology Center, geared primarily towards the production of CMOS smartphone sensors, with a promise to invest a further ¥27.5 billion into bolstering production.
