Sony, which holds a leading position in the camera sensor market with a share of about 45%, is considering selling its division, Bloomberg reports.
Despite dominating rivals Samsung and OmniVision, which have a market share of 19% and 11% respectively, Sony is struggling financially. In recent years, the company's profit margin has fallen from 25% to 10% due to weak demand for smartphones, which was one of the reasons for the strategy review.
According to Bloomberg, Sony plans to spin off its sensor division into a separate company called Sony Semiconductor Solutions Corp and take it public, retaining only a small stake in the division. The business is reportedly valued at between $35 billion and $49 billion.
However, a final decision has not yet been made, as economic instability, particularly due to US tariffs, could affect the company's plans.
Sony management is expected to announce its intentions by the end of the year.