Doosan Expands Semiconductor Business by Acquiring SK Siltron
Doosan strengthens its semiconductor materials business through the acquisition of SK Siltron By securing wafer capabilities as well, it broadens its competitiveness and earnings base in both front-end and back-end processes
Doosan strengthened its semiconductor materials business by acquiring SK's stake in SK Siltron held by SK. This transaction is interpreted as an extension of Doosan Group's trend of expanding its business into semiconductors and advanced materials, following energy and robotics.
On the 31st, Doosan and SK each held board meetings and approved the signing of a stock purchase agreement for ㈜Doosan to acquire the 70.6% stake in SK Siltron held by SK. The size of the sale is approximately 2.3 trillion won, and SK Chairman Chey Taewon's personal stake of 29.4% was excluded from this transaction.
Through this acquisition, Doosan will secure semiconductor wafer manufacturing capabilities. Along with its existing Electronics BG and Doosan Tesna businesses, it will now have a business structure spanning semiconductor frontend and backend processes as well as materials, and the company said it will use this to strengthen its stable earnings base.