Japan’s TDK said on Thursday it has acquired U.S.-based ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/softeye” target=”_blank”>SoftEye, which makes software and hardware for ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/smart-glasses” target=”_blank”>smart glasses, as the smartphone battery maker looks for growth drivers linked to ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/artificial-intelligence” target=”_blank”>artificial intelligence.
SoftEye, based in San Diego, California, develops technology that facilitates eye tracking and object recognition. Its founder and CEO, Te-Won Lee, was an executive at Samsung Electronics and Qualcomm.
The deal is worth less than $100 million, a source familiar with the matter said.
Technology firms are looking to hardware beyond smartphones,…
