Tdk Corp - TTDKY STOCK NEWS

TDK Corporation's subsidiary, TDK Ventures Inc., is set to host DX Week 2023, a premier event focusing on digital transformation. Scheduled for May 15 in Silicon Valley, May 17 in Tokyo, and May 19 in Bengaluru, the conference aims to unite global entrepreneurs, scientists, and investors. The theme, "Where the Analog World Meets the Digital World," will feature discussions on automation, data analysis, and sustainability. Notable speakers include John Hennessy of Alphabet and Takao Asami from Nissan. The event will feature a series of keynotes and panel discussions to inspire innovation and address the future of technology. Registration is open for those interested in attending.

TDK Ventures has announced its investment in Novalith, a startup focusing on sustainable lithium extraction. With the demand for battery-grade lithium projected to exceed supply significantly by 2023, Novalith’s proprietary technology offers an environmentally friendly and cost-effective method for lithium extraction. Their LiCAL™ technology captures CO₂ from the atmosphere, yielding high-quality lithium with reduced water usage and infrastructure needs. This partnership reflects TDK's commitment to advancing environmentally responsible energy solutions critical for the global transition to electrification, as expressed by TDK Ventures' President, Nicolas Sauvage.

Type One Energy is a deep-tech startup based in Madison, Wisconsin, advancing fusion technology through continuous-operation stellarator concepts. The company received new funding from TDK Ventures, which co-led the financing round with Breakthrough Energy Ventures and Doral Energy-Tech Ventures. This investment aims to accelerate the development of fusion energy solutions that promise decarbonization and energy affordability. Type One Energy focuses on utilizing high-temperature superconducting magnets and 3D printing to tackle past engineering challenges. The global fusion market is projected to reach $40 trillion, representing significant growth opportunities in the energy sector.

TDK Corporation (TSE: 6762) announced a significant investment from its venture arm, TDK Ventures, in Canadian startup pH7 Technologies. This investment is part of an oversubscribed $16M Series A round, co-led by Pangaea Ventures and joined by several others. pH7 has developed an innovative metal extraction process that significantly reduces environmental harm, including a 95% reduction in CO2 emissions. The technology aims to support the increasing demand for critical metals needed for the clean energy transition, projected to rise by up to 500% by 2030. This reflects TDK's commitment to advancing sustainable solutions for the global energy transformation.

TDK Corporation's subsidiary, TDK Ventures, has launched its first Innovation Hub in Bengaluru, India, aimed at supporting global entrepreneurs in energy, environmental, and digital transformation.

This hub will facilitate collaboration between venture capitalists and innovators, focusing on decarbonization, clean energy, and Industry 5.0 technologies.

The launch event, scheduled for March 1, 2023, will feature key industry leaders and aims to foster engagement and investment in India's startup ecosystem. TDK Ventures seeks to scale impactful entrepreneurial projects contributing to sustainability and social value.

TDK has announced its acquisition of Qeexo, a pioneer in automated machine-learning platforms for edge devices. This strategic move aims to enhance TDK's capabilities in developing smart edge solutions, facilitating Industry 4.0 transitions. Qeexo's AutoML platform allows users to build machine learning models rapidly, optimizing performance for low-power environments. The acquisition aligns TDK's strengths in sensors and battery technologies with Qeexo's automation expertise, promising a comprehensive solution across various applications including IoT and wearables.

TDK Corporation announced that Mr. Omar Abed will succeed Mr. Amir Panush as CEO of InvenSense and General Manager of TDK's MEMS Sensors Business Group, effective January 1, 2023. Panush will continue until the transition, having successfully doubled revenue during his tenure. Abed brings extensive experience from TE Connectivity and SMI, having led profitable growth and innovation. TDK, headquartered in Tokyo, generated $15.6 billion in sales in fiscal 2022. InvenSense focuses on advanced sensing solutions for consumer electronics and industrial markets.

TDK Corporation has announced the launch of two high-performance fault-tolerant inertial measurement units (IMUs): IIM-46234 and IIM-46230, aimed at enhancing navigation applications. These sensors feature 10-year longevity commitment, 1.9 deg/hr gyroscope bias instability, and are factory calibrated for temperature variations from -40 ºC to 85 ºC. The integration of TDK's SensorFT™ technology enhances fault tolerance and predictive maintenance capabilities. The products cater to sectors like precision agriculture, industrial robots, and autonomous vehicles, making advanced navigation affordable.

TDK Corporation showcased its commitment to developing future athletes through the Rising Stars Clinic during the World Athletics Championships Oregon22. This initiative, held from July 15-24 in Eugene, Oregon, provided 16 young participants the chance to train with elite athletes, including Olympic champions Trey Cunningham and Sinclaire Johnson. The clinic emphasized the importance of teamwork and offered participants firsthand experience of race day preparations, culminating in a relay event.