TDK Completes Buy of IoT Sensors Supplier InvenSense
TDK completed its acquisition of InvenSense for $1.3 billion cash, the two companies announced Thursday. “Sensors are viewed as an important IoT-enabling technology, and sensor products and the technology portfolio of TDK will expand dramatically as a result of its…
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acquisition." TDK will run InvenSense as a subsidiary and keep its management intact, they said.