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DuPont divests semiconductor solutions business

September 11/2019

MOSCOW (MRC) -- DuPont Electronics & Imaging (E&I) announced it has signed an agreement to sell its Compound Semiconductor Solutions (CSS) business to SK Siltron, a leading silicon wafer supplier to the semiconductor market based in South Korea, said the company.

The transaction is expected to close by the end of 2019, subject to customary regulatory approvals for closing.

The transaction is consistent with DuPonts strategy of active portfolio management and disciplined capital allocation to further align the companys portfolio with high return opportunities.

"The DuPont CSS business has state-of-the-art technologies for SiC wafer production to serve the power electronics market, but it is not a strategic priority for the E&I business, said Jon Kemp, President, DuPont Electronics & Imaging. Given its strategic focus, we believe SK Siltron will be a better owner and that the CSS business will thrive under SK Siltrons ownership."

DuPont Electronics & Imaging is a global supplier of materials and technologies serving the semiconductor, advanced chip packaging, circuit board, electronic and industrial finishing, display, and digital and flexographic printing industries. From advanced technology centers worldwide, teams of talented research scientists and application experts work closely with customers, providing solutions, products and technical service to enable next-generation technologies. More information about DuPont Electronics & Imaging can be found on our electronic solutions and advanced printing websites.

DuPont (NYSE: DD) is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, DuPont.
Category:General News
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