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TDK Pulls Plug on Blu-ray Business

TDK Corporation announced that it will exit the Blu-ray Disc (BD) market early next year.

As part of its ongoing structural reform and efforts to streamline its business, TDK will terminate or sell its recordable and rewritable Blu-ray (BD-R, BD-RE, BDXL) operations by the end of March 2014. The company plans to concentrate on passive components, recording devices and rechargeable batteries, targeting opportunities in communications, automotive, industrial equipment and home information appliances.

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