TDK to Acquire Chirp Microsystems

TDK Corporation (TSE 6762, President and CEO: Shigenao Ishiguro, hereinafter “TDK”) announced that it has reached an agreement with Chirp Microsystems, Inc. (Headquarters: Berkeley California U.S., hereinafter “Chirp”), a pioneer in high-performance ultrasonic sensing, in which Chirp becomes a wholly owned subsidiary of TDK. TDK expects to close the acquisition within the coming days. Chirp…