TDK sells TDK Micro Device Corporation to Futaba Corporation

TDK announced that it sold all its shares in its subsidiary TDK Micro Device Corporation to Futaba Corporation. The two companies dissolved their equity-based business alliance. Back in August 2009, TDK and Futaba established a three-way alliance to develop PMOLED products and market them.

TDK says they want to "selectively focus on business activities". From what we hear they will no longer be involved in OLEDs at all. TDK Micro Device has recently started to produce transparent PMOLED displays and have also shown flexible PMOLED panels which were planned to enter mass production towards the end of 2011.

Posted: Oct 02,2011 by Ron Mertens