TEMC Co., Ltd. (KOSDAQ:A425040) agreed to acquire 33.4% stake in Oceanbridge Co., Ltd (KOSDAQ:A241790) from Panasia Semiconductor Materials LLC for KRW 65.4 billion on October 12, 2023. The transaction is expected to close on November 30, 2023. The transaction was financed from TEMC's own funds of KRW 65.1 billion.

TEMC Co., Ltd. (KOSDAQ:A425040) completed the acquisition of 33.4% stake in Oceanbridge Co., Ltd (KOSDAQ:A241790) from Panasia Semiconductor Materials LLC on November 30, 2023.