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TDK Corporation (TTDKY) develops electronic components, sensors, power supplies, energy devices, magnetic heads, and materials-based technologies for automotive, industrial, consumer electronics, and information and communication technology markets. News about the company commonly covers product and technology announcements across passive components, MEMS sensors, edge AI, machine health monitoring, smart-glasses systems, and photo-spintronic devices for high-speed data applications.
Recurring developments also include activity by TDK group companies such as InvenSense, TDK SensEI, and TDK Ventures, including acquisitions, venture investments, industrial AI platforms, sensor-fusion applications, and collaborations involving intelligent tire and vehicle technologies.
TDK Ventures has invested in the Series B financing of actnano, a company specializing in nanomaterials technology for electronics protection. The investment is part of a $21.75 million funding round led by BMW i Ventures. actnano's coatings are designed to protect automotive electronics from environmental factors, with applications already in 1.2 million vehicles. TDK Ventures aims to support startups that innovate in materials science, contributing to advancements in industries such as electric vehicles and consumer electronics.
TDK Corporation announced that its subsidiary, TDK Ventures, has invested in the biotech company Mekonos, which specializes in integrated molecular delivery chips for cell and gene therapies. This investment aligns with TDK's commitment to MEMS and BioMEMS innovations aimed at scaling healthcare solutions. The global market for cell and gene therapy is projected to reach $70.5 billion by 2026, growing at a CAGR of 52%. Mekonos has raised $25 million in a Series A round, with TDK joining other notable investors to advance novel therapies.
TDK Ventures Inc. will host its inaugural Energy Week from October 18-22, 2021, featuring over 30 leaders in the battery and energy sectors. The online event aims to discuss the shift in the energy industry and inspire new entrepreneurs to address major energy challenges. Each day will focus on specific topics such as Battery Management Systems and Energy Storage Systems. Registration for this free event is available online. TDK Ventures aims to foster innovation in energy transformation, aligning with a sustainable future.
TDK Corporation announced an investment in AM Batteries to support the commercialization of their innovative dry electrode coating technology for lithium-ion batteries. This technology promises cost savings, fast charging, and higher energy density while enhancing manufacturing sustainability by eliminating toxic solvents. AM Batteries aims to achieve significant energy consumption reductions in battery production, with a target of supplying over 2,000 GWh of lithium-ion batteries by 2030. The investment aligns with TDK's commitment to advancing decarbonization efforts in the energy sector.
TDK Corporation has appointed Mr. Jim Tran as General Manager of the Americas HQ and CEO of TDK U.S.A. Corporation, effective immediately. Tran, an executive with extensive experience in wireless communications, previously served at Qualcomm and Broadcom. He will enhance TDK’s corporate technology marketing and collaborate on global sensor system marketing efforts. TDK aims to drive advancements in digital and energy transformation within various industries. The company reported total sales of USD 13.3 billion in fiscal 2021.
TDK Corporation announced its investment in Fabric8Labs, focusing on innovative metal additive manufacturing technology. Unlike traditional 3D printing, Fabric8Labs' process eliminates the use of costly metal powders, promising higher precision and lower environmental impact. Targeting the copper market, projected to reach 222 billion USD by 2025, the technology is set to revolutionize applications in semiconductors and more. The recent $19.3M funding round, supported by Intel Capital and others, will enhance Fabric8Labs' commercialization efforts.