Japan's leading printer and photocopier maker Konica Minolta Inc. announced at the company will be acquiring Ambry Genetic Corp. - a US diagnostic company, in a deal valued at up to USD 1 billion. This is one of the largest deals for Konica Minolta and the company will jointly carry out the acquisition with the funds provided by Innovation Network Corp of Japan. Konica Minolta, which has a market value of around $4 billion, will account for 60 percent of the investment and the Innovation Network Corp of Japan (INCJ) will provide for the remaining 40 percent. Both the companies intend to enter into the precision medicine segment which is expected to have a great potential for the treatment of cancer. KMI has its own diagnostic technique, utilising a High Sensitive Tissue Testing (HSTT) technology, while Ambry excels in genetic tests for breast, colon and cancers, heart and respiratory diseases, etc. Further, the company will combine its HSTT technology and Ambry's genetic diagnostic technology to offer high-standard cancer diagnostic services and aid the development of new reagents which will help produce new medicines. Talking about the acquisition, Shoei Yamana - Chief Executive Officer of Konica Minolta Inc., said, “Together with Ambry, we will have the most comprehensive set of diagnostic technologies for mapping an individual's genetic and biochemical makeup." The companies expect to complete the necessary procedure for the deal by the end of October, 2017 and post which, Ambry will become a subsidiary of KMI while Ambry's business will be continued in the US.
Sony Corp. will boost production of CMOS image sensors from current monthly production capacity of 88,000 wafers in 300mm including those produced by the third party consigned partners to 100,000 wafers per month by March 2018. Demand for the image sensors are mounting for smartphone cameras, digital cameras and on vehicle cameras. As smartphones popular in China are getting feature-driven especially camera features to take better photos that most users post their photos on their SNS sites such as Instagram and Facebook. In China, dual camera models are getting popular with a high-quality front camera as well as the main cameras to take better selfie pictures. In order to take better selfies, the quality of the front camera is getting important. Image sensors are being used now to detect color wavelength or depth information that the human eyes cannot recognize, to be mounted on cars and for IoT devices. Sony will absorb such demand for industrial use to sell 680 billion worth sensors for fiscal 2017 ending March 2018 and its semiconductor business including LSI chips to sell 880 billion yen with profit in operation to 120 billion yen from 7.8 billion loss in the previous year.
Veteran Indian artist, Jaideep Mehrotra recently announced his solo exhibition titled ‘Reflections in Mercury’. The exhibition will be held at Tao Art Gallery in Worli, Mumbai, from 23rd September to 22nd October, 2017. Known for his figurative works, Jaideep will be showcasing his abstract paintings for the first time. A combination of metal, paint and various mixed media come together in his work to form these intriguing, highly reflective, metallic works. Having working for over four decades, Jaideep Mehrotra is considered to be India’s finest inventive contemporary artist. Along with 23 solo exhibitions to his credit, he has participated in numerous group shows all over the world.