AI, solid-state-battery hopes power up TDK's stock price

Japanese company holds roughly 40% global market share in mobile phone batteries

20240726N TDK

TDK shares rose sharply after the company announced a new material for all-solid-state batteries with improved energy density. (TDK)

YUKA KONISHI, Nikkei staff writer

TOKYO -- Japanese electronics parts maker TDK's stock is riding high on hopes for a new solid-state-battery material and the company's potential as a battery supplier for AI-equipped phones and computers.

The share price was up 42% from the end of last year as of Thursday, far exceeding the 13% jump by the Nikkei Stock Average.

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