logo
Plus   Neg
Share
Email

DuPont To Sell E&I's CSS Business To SK Siltron; Terms Undisclosed - Quick Facts

DuPont's (DD) Electronics & Imaging (E&I) business unit agreed Tuesday to sell its Compound Semiconductor Solutions or wafer business to South Korean silicon wafer supplier SK Siltron. 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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook has revealed more details on the structure of an independent "oversight board" that will make final decisions about what posts stay up or come down, even if the company disagrees. The new "Oversight Board" will govern appeals from both Facebook and its users. MoviePass, the subscription service that offers subsidized movie tickets, has officially suspended its services, effective September 14th, after struggling to find investment for months. MoviePass' parent company, Helios & Matheson Analytics (HMNY) last week announced that the movie-ticket subscription... Crate & Barrel plans to expand its full-service restaurants, called the Table at Crate, to up to 15 locations, according to a report by Fortune. The expansion plan reportedly comes following encouraging results from the home furnishing retailer's first restaurant, which opened in July in Illinois. The Table at Crate is a collaboration between Crate & Barrel and Cornerstone Restaurant Group.
Follow RTT