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The Korea Herald
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THE INVESTOR
March 29, 2024

Industrials

SK acquires wafer maker LG Siltron for W620b

  • PUBLISHED :January 23, 2017 - 17:53
  • UPDATED :January 23, 2017 - 17:53
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[THE INVESTOR] SK announced on Jan. 23 that it has decided to acquire 51 percent stake in wafer manufacturer LG Siltron for 620 billion won (US$531.05 million).




The LG affiliate is the country’s sole manufacturer of wafers, a key raw material for semiconductor chips, and is the fourth-largest manufacturer of 300mm wafers in the world as of 2016.

SK has been expanding into semiconductor materials business since last year when it acquired OCI Materials -- now renamed SK Materials -- the global leading supplier of specialty gas nitrogen trifluoride. 

LG also reported the deal in its regulatory filing on the same day, saying that it has sold its non-core business to secure funds to nurture new growth businesses. 

By Hwang You-mee (glamazon@heraldcorp.com)

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