TOKYO -- Japanese electronics manufacturer TDK will spend roughly 50 billion yen ($383 million) to construct a domestic factory that makes parts for electric vehicles, Nikkei has learned, in a move that follows a growing trend of locating capacity at home due to supply chain pressures and the weak yen.
The new facility will make multilayered ceramic capacitors and be located next to an existing plant in Kitakami, a city in Iwate Prefecture. The prospective factory will be up and running by the end of 2024.
