Update on TDK’s partnership with
the NEOM McLaren Formula E Team

April 25, 2025

TDK Corporation (TSE:6762) is saddened by the decision of McLaren Racing to withdraw from Formula E at the end of the 2024/25 season. We have fostered remarkable momentum with the NEOM McLaren Formula E Team, its enthusiastic people and the world of Formula E in recent months. We will maintain our partnership with the team throughout the current season and proceed with our scheduled activities as planned.

Nonetheless, we regard this is a new opportunity to explore potentially broader and more impactful collaboration for TDK. We are actively involved in extensive discussions, including with McLaren Racing, to strategically shape our future initiatives.

We are determined to demonstrate TDK’s potential to the world as one of the most exciting technology firms that transforms the society with products that touch nearly every aspect of daily life, creating strong impact from within.

Further details will be announced once our plans have been finalized.

About TDK Corporation

TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.” It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2024, TDK posted total sales of USD 14.6 billion and employed about 101,000 people worldwide.

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