Sony is selling its advanced computer chip operations to Toshiba. The sale, set to be completed by March, includes the manufacturing business for the "Cell" chip used in Sony's Corp. PlayStation 3 video game console. Toshiba, which already had a collaboration with Sony in developing and making the "Cell," will continue to produce chips for Sony's video game unit.
A new company will be set up in April, with 60% Toshiba ownership, a 20% Sony stake and 20% Sony Computer Entertainment, Sony's gaming unit, to make the Cell and other advanced chips, the companies said. (AP)