TDK aims to build up auto business, cut smartphone dependence -CEO

Japanese electronic parts maker TDK Corp aims to boost sales of automotive products to reduce its proportion of smartphone-related business to 30 percent of revenue from 40 percent, its new chief executive said on Wednesday.
“We hope to raise the weight of the automotive business, currently just 17 to 18 percent, to 30 percent as early as possible,” Shigenao Ishiguro told Reuters in an interview.
Japanese electronic components makers such as TDK and Murata Manufacturing Co Ltd prospe