Materion expands its semiconductor footprint and capabilities
Materion is expanding its presence in Asia’s semiconductor market through the acquisition of a newmanufacturing facility in South Korea.
Materion has agreed to purchase manufacturing assets for tantalum solutions in Dangjin City, South Korea, from Konasol, a South Korean manufacturer active in the semiconductor and related industries. The acquired facility is equipped to produce fully finished tantalum sputtering targets.
This acquisition strengthens Materion’s position as a supplier of tantalum targets, increasing capacity to supply high growth critical deposition materials used in leading-edge semiconductor chips, including those used in high-performance computing and artificial intelligence applications.
“Materion has been a strategic partner to the global semiconductor industry for nearly four decades,” said Jugal Vijayvargiya, President and CEO, in a press release. “The acquisition strengthens our footprint in Asia to support and service global Tier I semiconductor customers and expands our position as a leading global supplier of deposition materials.”
No financial details of the deal have been disclosed. The transaction is pending regulatory approval and is expected to close within 90 days.
