TOKYO (dpa-AFX) - Mitsubishi Chemical Group Corp. (MTLHF.PK), Thursday announced a strategic collaboration with Boston Materials, Inc., a manufacturer of advanced energy transfer materials, to develop the second-generation Liquid Metal ZRT product.
The partnership also includes an investment in Boston Materials from Mitsubishi's U.S.-based corporate venture capital group, Diamond Edge Ventures.
With this deal, Mitsubishi expects to expand its portfolio by creating comprehensive, high-performance solutions for the semiconductor industry. Moreover, it will establish advanced semiconductor packaging integration and application development laboratories in Asia.
Currently, Mitsubishi's stock is trading at $5.47 on the OTC Markets.
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