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Business deals

Apple supplier Murata buys US maker of power-saving tech

$145m deal for Eta offers competitive edge as smartphone energy use rises

The growing power requirements of modern smartphones have created high demand for energy-saving technology like Eta's.   © Reuters

KYOTO -- Murata Manufacturing said Friday it has acquired a U.S. developer of power-saving technology for smartphones, boosting its capabilities in a key field for devices with steadily growing energy needs.

The Kyoto-based manufacturer, which supplies parts for Apple iPhones, will purchase Eta Wireless for roughly 16 billion yen ($145 million).

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