Investing.com -- Sony (NYSE: SONY ) Group Corp. is contemplating a spinoff of its semiconductor unit, according to Bloomberg, citing anonymous sources. This move represents the latest attempt by the PlayStation manufacturer to streamline its operations and concentrate more on the entertainment sector.

The spinoff and public listing of Sony Semiconductor Solutions Corp. could potentially happen within this year, as per the insiders who chose to remain unidentified. Sony is reportedly planning to distribute a large portion of its stake in the chip business to its shareholders. However, it might still retain a minority stake following the spinoff.

These plans are still under discussion and may be subject to change, particularly considering the current market volatility due to US President Donald Trump’s tariffs.

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