TOKYO–(BUSINESS WIRE)–TDK Corporation (“TDK”, TOKYO:6762, Representative Director and President: Shigenao Ishiguro) and Toshiba Corporation (“Toshiba”, TOKYO:6502, Representative Executive Officer, President and CEO: Satoshi Tsunakawa) have agreed to establish a joint venture (“JV”), TDK Automotive Technologies Corporation, that will engage in the development, manufacture and sales of automotive inverters for hybrid vehicles, plug-in hybrid vehicles and electric vehicles, as detailed below. I