TDK Investment in Szombathely

A HUF 26 billion investment by the Hungarian subsidiary of Japanese electronics giant TDK will create 250 new jobs in Szombathely. The Hungarian government is providing HUF 6.6 billion (around a quarter of the total investment costs) to develop a business unit to manufacture sensors for electric cars.

TDK, one of the world's leading electronics companies, has decided to build a new factory to manufacture sensors for electric cars in response to market demand for electric cars.

TDK Szombathely is one of the most important European electronics development and manufacturing centers of the international TDK group.

The company develops and manufactures electronic components for "smart car applications" in Szombathely, such as full keyless opening and starting, automatic high beam control, optical parking assistance systems, lane departure warning systems and various signage systems.

TDK is one of the city's largest employers, with a development and production base of around 50,000 square meters in Szombathely.

The company, which has been in operation for 22 years, is a competitive development and manufacturing center for inductors and aluminium electrolytic capacitors, supplying products to numerous automotive customers in Europe and worldwide.