TOKYO - Sony Semiconductor Solutions Corp., a wholly owned subsidiary of Sony Group Corp., and Taiwan Semiconductor Manufacturing Co. said Friday they have agreed to cooperate for the development and manufacturing of next-generation image sensors.

Sony and TSMC, the world's largest contract chip manufacturer, intend to establish a joint venture and set up development and production lines at Sony's newly built factory in the southwestern Japan city of Koshi in Kumamoto Prefecture, they said.

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