2023-04-12 05:26:48 ET
- Sony Semiconductor Solutions, subsidiary of Sony Group ( NYSE: SONY ) to make a strategic investment in Raspberry Pi, a computing company.
- The minority investment cements the relationship between the two companies, to provide a development platform for SSS's edge AI devices to the worldwide community of Raspberry Pi users.
- "Our goal is to provide new value to a variety of industries and support them in solving issues using our innovative edge AI sensing technology built around image sensors," said Terushi Shimizu, President and CEO of Sony Semiconductor Solutions.
- SA warns that Sony Group ( SONY ) is at a high risk of performing badly as the company has displayed has historically led to dividend cuts. Albeit, the sell-side analyst give the stock a Strong Buy rating with an average target price of $120.86. Currently, the stock trades at $88.91 and the price has increased about 16% from the start of the year.
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Sony Semiconductor invests in Raspberry Pi