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.

This image provided by SK Siltron Co. on March 2, 2020, shows the location of DuPont's silicon carbide (SiC) wafer production plant in the United States. SK Siltron bought DuPont's SiC wafer business for US$450 million. (PHOTO NOT FOR SALE) (Yonhap)
kdon@yna.co.kr
(END)
-
N. Korea's Kim holds talks with Russian defense minister on strengthening military cooperation: state media
-
Late wife of Australian veteran of Korean War laid to rest in Busan
-
Remains of another Korean War soldier identified
-
(LEAD) Fighter jet crashes in Seosan; pilot makes emergency escape
-
Fighter jet crashes in Seosan; pilot makes emergency escape
-
Late wife of Australian veteran of Korean War laid to rest in Busan
-
24 teachers caught illegally selling exam questions to private educators
-
Remains of another Korean War soldier identified
-
(LEAD) Fighter jet crashes in Seosan; pilot makes emergency escape
-
Fighter jet crashes in Seosan; pilot makes emergency escape
-
Arrest warrant hearing for DP leader Lee to be held Tuesday
-
Allies vow stern measures against Russia-N. Korea arms deal
-
S. Korea calls on Russia to 'transparently explain' its dealing with N. Korea amid suspected arms supply agreement
-
(2nd LD) U.S. finalizes national security 'guardrails' for CHIPS funding
-
(2nd LD) N. Korea holds politburo meeting to discuss Kim-Putin summit: KCNA