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On August 20, Lanxess Microelectronics proudly announced that its wholly-owned subsidiary, Tianpeng Malaysia, has inked a Framework Cooperation Agreement with Taiwan's NEPES. The agreement outlines a strategic partnership aimed at co-developing specialized products, conducting trial production verifications, engaging in OEM manufacturing, and establishing a joint venture dedicated to product sales. This partnership takes effect immediately and will remain valid for three years, with the possibility of renewal upon mutual written consent upon expiration. This collaboration is poised to bolster Lanxess Microelectronics' R&D and manufacturing prowess in the high-end product sector, ultimately fostering the sustainable growth of its lithium battery business.
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