TMC Passes Preliminary Review for KOSDAQ Listing

Specialized Material Company for Semiconductor and Display Process Specialty Gases
"We Will Reduce Overseas Dependence Through Stable Material Supply"

[Asia Economy Reporter Kwangho Lee] TMC, a specialized material company for semiconductor and display process specialty gases, announced on the 4th that it has received preliminary review approval from the Korea Exchange for listing on KOSDAQ. This comes about four months after filing for the preliminary review in early July.

Following this approval, TMC plans to submit a securities registration statement to the Financial Services Commission at an appropriate time considering market conditions, and proceed with an initial public offering (IPO) aiming for KOSDAQ listing by applying the materials, parts, and equipment (SoBuJang) technology special case. The lead underwriter is Hanwha Investment & Securities.

Since its establishment in 2015, TMC has experienced explosive growth with an average annual growth rate of 73.8% until last year. The company’s greatest driving force is its technology internalization that enables complete localization of materials. In particular, it develops various specialty gases used in core semiconductor processes with its own technology and supplies them to leading semiconductor companies both domestically and internationally. It mass-produces a wide range of specialty gas products, from rare gases such as Excimer Laser gas, Xenon (Xe), and Krypton (Kr), to CF series gases for etching processes, carbon monoxide (CO), carbonyl sulfide (COS), and even mixed gases like B2H6 (diborane) used in deposition processes.

Especially in the current market situation where prices of rare gases essential for semiconductors have skyrocketed due to international conflicts such as wars, companies that localize raw materials are receiving increased attention. TMC has been evaluated as successfully substituting rare gases, which were previously 100% imported, by achieving complete localization through domestic technology. Turning crisis into opportunity, the company is expanding the scope of application and solidifying its external growth.

As semiconductor processes continue to advance, manufacturing processes are becoming more miniaturized and complex, and accordingly, the market size for specialty gases used in these processes is expected to continue expanding. TMC is a strong small and medium-sized enterprise with proprietary technology capable of handling all processes domestically, from raw material procurement to manufacturing and quality assurance, and maintains relationships with global semiconductor companies.

Yoo Won-yang, CEO of TMC, explained, “What TMC ultimately pursues is achieving complete localization to reduce overseas dependence through stable material supply.” He added, “While expanding the range of mass-producible products, we will build various business models such as rare gas recycling, expansion of ultra-low temperature gas production, and ASU plant business, and strengthen sales and customer diversification through overseas expansion,” explaining the background of the IPO.

This content was produced with the assistance of AI translation services.