DuPont divests Compound Semiconductor Solutions business to SK Siltron

Delaware-based DuPont Electronics & Imaging (E&I) has signed an agreement to sell its Compound Semiconductor Solutions (CSS) business to silicon wafer supplier SK Siltron of Seoul, South Korea. The transaction is expected to close by the end of 2019, subject to customary regulatory approvals for closing.

DuPont says that the transaction is consistent with its strategy of active portfolio management and disciplined capital allocation to further align the portfolio with high-return opportunities.

“The DuPont CSS business has state-of-the-art technologies for silicon carbide (SiC) wafer production to serve the power electronics market, but it is not a strategic priority for the E&I business,” says DuPont Electronics & Imaging’s president Jon Kemp. “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,” he concludes.

Tags: SiC substrates

Visit: www.dupont.com/electronic-materials.html

Visit: www.sksiltron.com