Japan’s TDK Scouting for Investment Opportunities in Israel
Earlier this month, the Japanese multinational electronics company invested in Israel-based quick-charging battery startup StoreDot
Founded in 1935, TDK develops and manufactures electronic components. The company reported $10.5 billion in revenues for the fiscal year 2017 and employs around100 thousand people.
TDK has been active in Israel for over 30 years, since the 1982 acquisition of Israel-based electronic components manufacturer Nemic-Lambda Co. Ltd.
TDK-Lambda is based in Karmiel, a town in northern Israel, where it develops and manufactures power supply components for companies including Microsoft, LG, and Siemens AG. The company employs a 250-person team in Israel.
Earlier this month, TDK signed a strategic partnership with Israel-based quick-charging battery startup StoreDot Ltd., to develop fast-charging batteries for mobile devices. TDK has also joined StoreDot's latest $62 million funding round. According to TDK-Lambda, this was the company’s first investment in Israel in 27 years.