Materion to buy manufacturing assets for tantalum solutions in South Korea

Materion (MTRN) announced that it has agreed to purchase manufacturing assets for tantalum solutions in Dangjin City, South Korea, from Konasol, a Korean manufacturer serving the semiconductor and adjacent markets. This strategic investment expands Materion’s global footprint with a facility in Asia to better serve semiconductor customers in that region. The transaction includes a newly constructed, state-of-the-art facility with specialized equipment used to produce fully finished tantalum sputtering targets. This acquisition strengthens Materion’s position as a leading 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. The transaction is subject to regulatory review and is expected to close within 90 days.