India, May 12 -- Sony Semiconductor Solutions Corp. and Taiwan Semiconductor Manufacturing Co. Ltd announced the signing of a non-binding memorandum of understanding (MoU) to form a strategic partnership for the development and manufacturing of next-generation image sensors.

Under the proposed partnership, Sony and TSMC intend to establish a joint venture, with Sony being the majority and controlling shareholder, to set up development and production lines in Sony's newly constructed fab in Koshi City, Kumamoto Prefecture. Through the JV, both companies expect to leverage Sony's expertise in sensor design, alongside TSMC's strengths in process technology and manufacturing excellence as part of a broader collaboration aimed at enhancing im...