TDK to acquire Showa Denko’s rare earth magnetic alloy business
Deal to accelerate development of high-performance rare earth magnets for EVs
TDK has reached an agreement with Showa Denko and concluded a transfer contract, wherein Showa Denko agreed to transfer its business that conducts research and development (R&D) on rare earth magnetic alloys to TDK, the two Japanese companies announced in separate press releases on 27 November.
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