Sony to increase image sensor production

Sony (NYSE:SNE) has announced that it will invest ¥35B ($345M) to boost production of image sensors for smartphones and tablets as the demand for "selfies" and video calls increases.

As the leading market supplier of image sensors, Sony currently supplies Apple's iPhone with sensors for its main camera.

Of the total investment, ¥9B will be spent this year on the new production, while the other ¥65B will be invested in the first half of next year's fiscal year.

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