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TDK ready to step up investment to ride AI wave

The Japan Times·Takashi Mochizuki·19 days ago
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#tdk#noborusaito#ai#investments#iranwarendgame#saito
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TDK CEO Noboru Saito says the firm is prepared to add investments to ride the global boom in generative artificial intelligence.

TDK CEO Noboru Saito says the firm is prepared to add investments to ride the global boom in generative artificial intelligence. | Bloomberg

Electronics component linchpin TDK is prepared to add to what is already its biggest capital spending campaign ever in a push to ride the global boom in generative artificial intelligence.

The company has added ¥100 billion ($640 million) to its multiyear investment plan each year since it rolled it out in 2024, and now CEO Noboru Saito says the effort may accelerate to match an expected surge in orders and demand.

“Should promising prospects arise, our commitment is to make timely and opportunistic investments,” Saito, 59, said in an interview. “If we don’t sow the seeds for medium- to long-term growth now, we won’t be able to reap the harvest later.”

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