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Japan's TDK likely to purchase InvenSense Inc.




According to the sources who doesn't want their identity revealed had said on Friday that the Japanese electronic parts maker TDK Corp is in talks to acquire InvenSense Inc, a U.S. chip maker that produces motion sensors for Apple Inc and Samsung Electronics Co.

Although the terms have not been finalised, TDK has offered $12 per share to acquire InvenSense and this deal would allow TDK, which is a major components supplier to boost its sensor technology offerings. The both companies hopes to finalise deal by the end of the month.

This is not the first time this Japanese Giant tech company is doing this kind of deal, TDK agreed to acquire Micronas Semiconductor Holding AG, a Swiss chip maker specializing in sensors, for up to 214 million Swiss francs ($210 million) last year. It also tried to acquire Tronics Microsystems SA for 48.65 million euros ($51.3 million).

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