The new company, Advanced Vision Semiconductor Manufacturing Corp, will be located in Kumamoto where TSMC's Japan Advanced Semiconductor Manufacturing (JASM) chip plant is situated.

The joint venture will act as a key hub for developing and producing smartphone image sensors using advanced manufacturing technology.

Sony will lead the development of core image sensor technologies as well as product planning and design.

Meanwhile, TSMC's advanced process technology and manufacturing expertise will be utilized by the venture.