TDK will withdraw from the Blu-ray disc business by March 2014

TDK will withdraw from the Blu-ray disc business by March 2014. The Japanese website AVWatch reports that the company has announced this during a conference in which it discussed it's financial results over the fiscal year 2012. In an effort to become more profitable, TDK will focus on it's core business and shed unprofitable business.

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The company will either cease operations or sell their Blu-ray disc manufacturing facilities. TDK contributed several technologies to Blu-ray. A layer to make Blu-ray discs more scratch resistant has been developed by TDK and  also developed the first multi-layer discs.  The company will now focus on passive components, magnetic products and rechargeable batteries.

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