TDK Buys US 3D-Printing Startup to Amp Up AI Ecosystem Bet (2)

TDK Corp. is spending as much as $400 million to buy Fabric8Labs Inc., a US startup that’s developed a technology that can be used to improve data-center cooling systems.

The Tokyo-based supplier of batteries for Apple Inc.’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 ...