TOKYO, March 22 Japanese components maker Murata
Manufacturing Co said on Thursday it would invest 3.4
billion yen ($41 million) in Toko Inc to tap the
smaller firm's expertise in coils and metal alloys to develop
Murata, the world's biggest maker of ceramic capacitors,
said it will buy close to 2 billion yen worth of new shares
issued by Toko at 189 yen per share and 1.5 billion yen worth of
bonds in the coil maker.
Murata and its rivals are hurrying to develop new
energy-storing components to make electronic devices smaller and
more power efficient.
($1 = 83.6300 Japanese yen)
(Reporting by Mayumi Negishi; Editing by Robert Birsel)