Tag: TDK

Japan’s TDK buys U.S. chip maker InvenSense for $1.3 bln

(REUTERS) – Japanese electronic parts maker TDK is shelling out $1.33 billion to buy InvenSense, a U.S. chip maker that produces motion sensors for Apple and Samsung. The deal comes at $13 per share, which is almost a twenty percent premium to the U.S. company’s closing price on Tuesday. It will help TDK boost its sensor technology offerings. InvenSense designs parts which help smartphones calculate motion, enabling augmented reality games, such as Pokemon Go. This […]