CML Licensee Hutchinson Technology to be Acquired by TDK Corporation
Monday, November 2nd 2015
Leading electronics company TDK Corporation has entered into a definitive merger agreement under which they will acquire all of the outstanding shares of common stock of Hutchinson Technology Inc.
Hutchinson is a manufacturing licensee of CML's OIS actuator products for smartphone cameras. Their news release may be found here.
TDK employs over 88,000 staff globally and its extensive product range comprises electronic components, energy devices, power systems, flash memory and actuators, including those used in smartphone cameras.