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TDK Buys US 3D-Printing Startup to Amp Up AI Ecosystem Bet

TDK Buys US 3D-Printing Startup to Amp Up AI Ecosystem Bet
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Asia TDK Buys US 3D-Printing Startup to Amp Up Ecosystem Bet TDK Corp. is spending as much as $400 million to buy Fabric8Labs Inc., a US startup that’s developed a technology that can be used to improve data-center cooling systems. The Tokyo-based supplier of batteries for Apple Inc.’s iPhones will acquire all shares of the San Diego-based company in a cash transaction consisting of an upfront payment and earnouts spanning several years.

Asia TDK Buys US 3D-Printing Startup to Amp Up AI Ecosystem Bet TDK Corp. is spending as much as $400 million to buy Fabric8Labs Inc., a US startup that’s developed a technology that can be used to improve data-center cooling systems. The Tokyo-based supplier of batteries for Apple Inc.’s iPhones will acquire all shares of the San Diego-based company in a cash transaction consisting of an upfront payment and earnouts spanning several years. It’s a key part of TDK’s medium-term plan for growth and of its data center initiatives, the company said on Wednesday.
TDK Buys US (ORG) 3D-Printing Startup to Amp Up AI (ORG) 3D-Printing Startup to Amp Up (ORG) TDK Corp. (ORG) Fabric8Labs Inc. (ORG) US (LOCATION) Tokyo (LOCATION) Apple Inc.’s (ORG) iPhones (ORG) San Diego (LOCATION) TDK (ORG)
Originally published by Bloomberg Technology Read original →