(TOKYO) -- Toshiba and Sony corporations have announced that they have signed a memorandum that will see the transfer of semiconductor fabrication facilities from Toshiba over to Sony.
The facilities’ operations were handled by Nagasaki Semiconductor Manufacturing Corporation (NSM), a joint venture among Toshiba, Sony and Sony Computer Entertainment Inc., but according to a press release issued by Toshiba, once the transfer is completed that NSM partnership will be terminated. NSM has been responsible for manufacturing semiconductors and system-on-a-chip for applications in Toshiba and Sony digital products.
The transfer is expected to be completed sometime early in the fiscal year ending March 2012.
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