Sony to pay $176 million for Taiwan firm's LCD unit

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Sony will buy the Japan-based operations of Taiwan's Chi Mei Optoelectronics for $176.2 million, the companies said Friday.

The purchase is key for Sony, which is racing to catch up in the rapidly expanding flat-screen TV market.

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Wolfgang Gruener
Wolfgang Gruener
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Wolfgang Gruener is an experienced professional in digital strategy and content, specializing in web strategy, content architecture, user experience, and applying AI in content operations within the insurtech industry. His previous roles include Director, Digital Strategy and Content Experience at American Eagle, Managing Editor at TG Daily, and contributing to publications like Tom's Guide and Tom's Hardware.