Japanese electronics manufacturer TDK plans to strengthen its position as a global player for sensor technologies in Internet of Things (IoT), automotive, and information and communications technology (ICT) through acquiring U.S. chip maker IvenSense for $1.3 billion.
TDK’s three-year management plan focuses on three areas: automotive; manufacturing devices and energy; and ICT. As part of its strategy for growth in these key areas, the company has identified sensors and actuators, energy units and next-generation electronic components as three product areas for strategic growth aimed at "unlocking new business opportunities in the fields of IoT."
"TDK’s sensor business, one of its strategic growth areas, can be strengthened by merging TDK’s portfolio of magnetic sensor technologies (where its strength lies) and its wide range of sensor products with InvenSense’s expanding sensor technology," said Shigenao Ishiguro, TDK’s president and CEO. "This acquisition is a fundamental element in TDK’s strategy to provide unique and high-value-added products and services in IoT. We aim to become a strong player in the sensor business with InvenSense as our perfect partner."
InvenSense provides motion sensor offerings, known mostly for its flagship six-axis and nine-axis motion sensors, which are used in advanced consumer products and applications. In recent years, its portfolio has expanded with additional offerings for inertial, environmental, microphone and ultrasonic sensors.
InvenSense has become a "worldwide strong player" in sensors for consumer devices including smartphones, drones, wearables, gaming, inertial navigation and both optical and electronic image stabilization for cameras.
Looking ahead, growth areas beyond mobile include large addressable opportunities in the fields of IoT, automotive and industrial, driven by increasing consumer demand for indoor navigation, virtual reality (VR), augmented reality (AR) and advanced driver assistance systems (ADAS), it said.
The acquisition will allow TDK to combine InvenSense’s suite of sensor and software platforms with its portfolio of magnetic, pressure, temperature and microphone sensors, TDK said.
"TDK understands the value of InvenSense’s suite of sensor and software platforms," said Behrooz Abdi, IvenSense’s president and CEO. "Our strategic goals are aligned, and we are confident that together with TDK we will accelerate our roadmap to provide next-generation sensor technologies in key fields for the world’s most innovative companies."
— Edward Gately, Contributing Editor, Channel Partners
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