Technology
TDK Buys US 3D-Printing Startup to Amp Up AI Ecosystem Bet
Key Points
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.