The head of Sony's ( NYSE: SONY ) semiconductor division said on Thursday that the unit of the Japanese tech conglomerate will only see a "tiny bit" of impact from global export controls on China's semiconductor industry.
Sony Semiconductor Solutions Chief Executive Terushi Shimizu told Reuters that shipments related to Sony's ( SONY ) camera products would "only be a tiny bit" impacted by the U.S. export controls, with the negative impact being between a range of 1B yen to 10B yen, or $7.47M to $70.47M.
Shimizu pointed out that Sony's ( SONY ) division division not handle the types of chips being impacted by the curbs and that smartphone demand is likely to recover in the second-half of the year.
Sony ( SONY ) provides the optical sensors for a number of smartphones, including Apple's ( AAPL ) iPhones.
In October, the U.S. Commerce Department published new rules that said companies seeking verification to sell to China would be faced with a "presumption of denial" standard if they produce DRAM chips below 18 nm, above 128 layers for NAND chips and below 14 nm for logic chips and would have to apply for a license.
Shimizu also said that Sony ( SONY ) was "largely on track" to take 60% of the market share in the image sensor market by March 2026, up from 43% last year.
Earlier this month, Sony ( SONY ) said it had appointed, Hiroki Totoki, presently its CFO, to be the company's next president and COO .
For further details see:
Sony exec says chip unit will see 'tiny' impact from Chinese export curbs