SK Siltron completes acquisition of DuPont's wafer business
SEOUL, March 2 (Yonhap) -- SK Siltron Co., a semiconductor material producer under South Korea's SK Group, said Monday it has completed the acquisition of DuPont de Nemours Inc.'s wafer business.
In September last year, SK Siltron signed an agreement to purchase DuPont's silicon carbide (SiC) wafer unit for US$450 million to beef up its presence in the advanced material sector.
SiC wafer is a key component in making power electronics semiconductors with its high strength and high thermal and radiation resistance.
Demand for SiC wafers has been growing with increasing sales of electric vehicles (EV) and the expansion of 5G networks, according to the company.
SK Siltron said it will continue to invest in the acquired unit so that the company can increase wafer production and create more jobs in the United States. The primary site for the business is in Auburn, Michigan.
SK Siltron is one of the world's major wafer producers, accounting for 17 percent of the 300 mm silicon wafer market.
kdon@yna.co.kr
(END)
-
(Yonhap Interview) Samsung has substantial upside potential on sound fundamentals: chief analyst
-
BTS vows full support for Busan's World Expo bid
-
BTS' Jungkook drops collaborative single with U.S. singer-songwriter
-
(6th LD) S. Korea successfully launches homegrown space rocket in second attempt
-
VIVIZ to drop 2nd EP next month
-
(Yonhap Interview) Samsung has substantial upside potential on sound fundamentals: chief analyst
-
S. Korea prepares to launch homegrown space rocket after failed attempt last year
-
(LEAD) On Korean War anniversary, S. Korea vows stern response to N. Korean provocations
-
(6th LD) S. Korea successfully launches homegrown space rocket in second attempt
-
Samsung expected to announce mass production of 3nm chip next week
-
Son Ye-jin pregnant, expecting first baby with Hyun Bin
-
Huge search under way for missing family of 3 on southwestern island
-
Police chief offers to resign after Yoon slams reshuffle announcement flip-flopping
-
BTS member V visits Paris after K-pop boyband suspends group activities
-
(LEAD) S. Korea's new COVID-19 cases drop below 3,500 as omicron slows