Sony is preparing to sell it’s chip production facilities from Japan to Toshiba in order to focus on their core business, as they’ve stated. Toshiba has paid $835 million and is going to make high performance Cell chips and TSX graphic chips, that are both used in Sony Playstation 3.

We already knew since October that Sony is going to sell it’s chip production facilities to Toshiba, but the price wasn’t specified. Now they are only going to focus on image sensor chips for digital cameras and aren’t going to invest any more in chip production equipments.

After this announcement, Sony’s shares went up 2.8 percent, while Toshiba’s went the same, but down.

via Reuters