Big Tech
Sony Group Shares Soar as It’s Said to Consider Chip Spinoff
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Sony Group Corp. shares surged after people familiar with the matter said it is mulling spinning off its semiconductor unit, raising expectations that such a move would unlock value in the Japanese entertainment and electronics company.
The stock rose 7.1% in Tokyo, its highest close since March 28. It provided the biggest boost to Japan’s benchmark Topix index on Wednesday, which climbed 0.6%. The nation’s markets were shut for a holiday Tuesday.