© Reuters. The Sony emblem is displayed outdoors the corporate’s headquarters in Tokyo, Japan February 16, 2023. REUTERS/Issei Kato
TOKYO (Reuters) -Sony Group Corp’s semiconductor division will seemingly see a restricted impression from chip export curbs to China by the US, Japan and the Netherlands, Sony (NYSE:) Semiconductor Options Chief Govt Terushi Shimizu mentioned on Thursday.
Sony is the world’s largest maker of picture sensors broadly utilized in smartphones and autos. Its opponents embrace South Korea’s Samsung Electronics (OTC:) Co Ltd.
Shipments of Sony’s safety camera-related merchandise might be affected by export curbs launched by the US in October, Shimizu informed Reuters, including that unfavorable impression to its gross sales will seemingly exceed one billion yen ($7.47 million), however beneath 10 billion yen, or lower than 1% of the unit’s complete income.
“It would solely be a tiny bit.”
The chip division expects complete gross sales to return to 1.42 trillion yen for the yr ending March 31, 2023.
Shimizu mentioned the corporate’s microchip operations will seemingly be little affected by concerted export curbs to China agreed in January among the many United States, Japan and the Netherlands because the division doesn’t typically deal with cutting-edge chips.
The chip unit’s chief govt added that international cell phone demand will seemingly get better from the second half of 2023.
“We’re a maker of sensors … I consider demand for these completed merchandise will likely be making a gradual restoration, though there are substantial inventories as nicely,” Shimizu mentioned.
World smartphone shipments fell 18.3% from a yr earlier to 300 million models within the October-December interval, based on analysis agency IDC.
($1 = 133.8700 yen)
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