• Mr. Abdi continues as Chief Strategy Officer of TDK Sensor Systems Business Company

February 28, 2020

TDK Corporation (TSE: 6762) announces that effective April 1, 2020 Mr. Behrooz Abdi will step down as CEO of InvenSense, Inc. and General Manager of TDK Corporation’s MEMS Sensors Business Group. Mr. Abdi will continue to provide his expertise and insights in the role of Chief Strategy Officer for the Sensor System Business Company (SSBC) of TDK Corporation. In this role, Mr. Abdi will advise SSBC and TDK Corporation on strategic issues, including business models and long-term direction.

Amir Panush has been appointed as the new InvenSense CEO and General Manager of TDK’s MEMS Sensors Business Group and will work closely with Mr. Abdi during the transition. Mr. Panush is a senior executive veteran with over 20 years in the semiconductor industry with demonstrated expertise in leading cutting-edge technologies in SoCs, wireless, RF and sensors. He brings to the role a comprehensive understanding of market trends in the consumer, IoT and automotive technology sectors. Mr. Panush joined InvenSense Corporate Development in 2015 from Qualcomm, where he ran the IoT embedded connectivity business. Prior to that, Mr. Panush led the automotive business at Atheros, a leading WLAN SoC company. Since joining InvenSense, Mr. Panush has held the roles of GM of the Motion and Pressure Business Unit (MPBU), Chief Operating Officer and Deputy GM.

“For the past year, Amir has led the largest business units of InvenSense, as well as all infrastructure functions for the TDK MEMS Business Group. He has helped not only revitalize the business and customer wins, but has also inserted operational discipline into the company, in order to drive future profitability,” stated Behrooz Abdi. “I am very confident that Amir is the right leader to take the MEMS Sensor business at TDK to great new heights. I also look forward to helping TDK in its strategic direction in the next phase of the company.”

“I’m grateful for what Behrooz has accomplished, together transforming InvenSense from a single product company with rapid growth in the mobile phone market, through multiple M&A’s, the acquisition and integration by TDK, and the start of the re-growth as a diversified MEMS system business with world class MEMS, System on Chip (SoC) and software expertise,” said Amir Panush. “I am excited to lead the best MEMS sensor team in the industry, as we continue on an aggressive growth path in the next phase of TDK’s MEMS sensor business. I look forward to working with Behrooz in both our new roles.”

About TDK Corporation

TDK Corporation is a leading electronics company based in Tokyo, Japan. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's comprehensive portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, aswell 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, Chirp, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in the areas of information and communication technology and automotive, industrial and consumer electronics. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2019, TDK posted total sales of USD 12.5 billion and employed about 105,000 people worldwide.

About InvenSense

InvenSense, Inc., a TDK Group company, is a world leading provider of MEMS sensor platforms. InvenSense’s vision of Sensing Everything® targets the consumer electronics and industrial areas with integrated Motion, Sound, and Ultrasonic solutions. InvenSense’s solutions combine MEMS (micro electrical mechanical systems) sensors, such as accelerometers, gyroscopes, compasses, microphones, and ultrasonic 3D-sensing with proprietary algorithms and firmware that intelligently process, synthesize, and calibrate the output of sensors, maximizing performance and accuracy. InvenSense’s motion tracking, ultrasonic, audio, fingerprint, location platforms and services can be found in Mobile, Wearables, Smart Home, Industrial, Automotive, and IoT products. InvenSense became part of the MEMS Sensors Business Group within the newly formed Sensor Systems Business Company of TDK Corporation in 2017. In February of 2018, Chirp Microsystems joined the InvenSense family through its acquisition by TDK. InvenSense is headquartered in San Jose, California and has offices worldwide. For more information, go to www.invensense.com.