TOKYO -- Japanese technology group Murata Manufacturing has struck an agreement to purchase Resonant, a U.S. designer of a key 5G component, in an all-cash deal worth approximately $300 million.
Business deals
Apple supplier Murata of Japan to buy U.S. 5G developer Resonant
$300m deal eyes mass production of high-precision mobile components
Murata, which owns 4% of Resonant, plans to complete its purchase of the Texas-based company's remaining shares in March.
Read Next
Latest on Business deals
