TDK is spending as much as $400 million to buy Fabric8Labs, a U.S. startup that＊s developed a technology that can be used to improve data-center cooling systems.
The Tokyo-based supplier of batteries for Apple＊s iPhones will acquire all shares of the San Diego-based company in a cash transaction consisting of an upfront payment and earnouts spanning several years. It＊s a key part of TDK＊s medium-term plan for growth and its data center initiatives, the company said on Wednesday.
Established in 2015 and now numbering about 150 staff, Fabric8Labs has developed a 3D-printing technology called electrochemical additive manufacturing that＊s suitable for metals. TDK sees the technique as an efficient way to process pure copper into cold plates connecting to semiconductors inside data center servers.
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