TDK HDD Sliders Project Worth P2.5 Billion

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Japan’s TDK hard drive equipment project worth P2.5B approved by FIRB
The Fiscal Incentives Review Board (FIRB) last Tuesday approved the tax incentives application of TDK Philippines Corp. for a P2.5-billion manufacturing project, the Department of Finance (DoF) said. TDK proposes to make microwave-assisted magnetic recording sliders, industrial equipment used in hard drive manufacturing.