01:30 PM EDT, 07/23/2025 (MT Newswires) -- (Updates with additional details in the third and fourth paragraphs.)

Sony ( SONY ) is considering selling its cellular chip unit as part of a shift toward its entertainment segment, Reuters reported Wednesday, citing three people familiar with the matter.

The company is in the early stages of working with investment banks to explore a possible sale of Sony Semiconductor Israel, the report said.

The unit generates about $80 million in annual recurring revenue and could be valued at close to $300 million in a potential deal.

Potential buyers may include private equity firms and companies in the semiconductor industry, according to the news outlet.

Sony ( SONY ) shares were up 4.8% in recent trading.

Sony ( SONY ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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