DuPont Electronics & Imaging Divests Compound Semiconductor Solutions Business to SK Siltron

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Sep 10, 2019, 08:00 ET

WILMINGTON, Del., and SEOUL, South Korea, Sept. 10, 2019 /PRNewswire/ -- DuPont Electronics & Imaging (E&I) today 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. The transaction is expected to close by the end of 2019, subject to customary regulatory approvals for closing.

The transaction is consistent with DuPont's strategy of active portfolio management and disciplined capital allocation to further align the company's 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 Siltron's ownership."

About DuPont Electronics & Imaging
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.

About DuPont
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. More information can be found at www.dupont.com.

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On April 1, 2019, the company completed the separation of its materials science business into a separate and independent public company by way of a pro rata dividend-in-kind of all the then outstanding stock of Dow Inc. (the "Dow Distribution"). The company completed the separation of its agriculture business into a separate and independent public company on June 1, 2019, by way of a pro rata dividend-in-kind of all the then outstanding stock of Corteva, Inc. (the "Corteva Distribution").

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SOURCE DuPont