DuPont Electronics & Imaging (E&I) today reported it has consented to an agreement to sell its Compound Semiconductor Solutions (CSS) business to SK Siltron, number one silicon wafer provider to the semiconductor market situated in South Korea. The transaction is anticipated to be done by the end of 2019, subject to customary regulatory endorsements for shutting.
The transaction is consistent with DuPont’s strategy of active portfolio management and trained capital allotment to further align the organization’s portfolio with exceptional yield opportunities.
Jon Kemp, President of DuPont Electronics & Imaging, said, “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.”. He added, “Given its strategic focus, we believe SK Siltron will be a better owner and that the CSS business will thrive under SK Siltron’s ownership.”
About DuPont Electronics & Imaging
DuPont Electronics & Imaging is a worldwide provider of materials and innovations serving the semiconductor, advanced chip packaging, circuit board, electronic and industrial finishing, display, and digital and flexographic printing enterprises. From advanced innovation centers around the world, groups of skilled research scientists and application specialists work intimately with customers, giving solutions, items and technical service to enable next-generation innovations. For further information about DuPont Electronics & Imaging can be found on our electronic solutions and advanced printing websites.
DuPont (DD) is a worldwide innovation leader with innovation-based materials, ingredients and solutions that help transform enterprises and everyday life. Our representatives apply different science and expertise to enable customers to advance their best thoughts and convey essential innovations in key markets including electronic gadgets, transportation, development, water, health and wellness, food and laborer safety. More information can be found at www.dupont.com.