Buy SONY by Aug 11, 2026.

Sony and TSMC have signed a MOU to form a JV co-developing and co-manufacturing next-generation image sensors: * Sony is the majority and controlling shareholder of the JV. * The fab is Sony's newly constructed plant in Koshi City, Kumamoto Prefecture — right next to TSMC's existing JASM fabs. * Japan's METI has confirmed subsidies of up to ¥60 billion (\~US$380M) for the facility. * Scope is explicitly **"physical AI applications, such as automotive and robotics."** This is a fab-lite …