Electronics giants Sony, Sony Entertainment and Toshiba have sealed a deal to manufacture high-quality semiconductors, such as those used in PlayStation 3 consoles.

A new joint venture - yet to be named - will be established by the companies by April 1 2008.

Under the agreement, Sony will hand over its 300mm wafer line production equipment to Toshiba. The joint venture will allow both companies to exchange information in order to further develop manufacturing technologies.

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