SK Enpulse's semiconductor processing
(PCB UNION)——SK Enpulse Co., a South Korean semiconductor part and equipment maker, said on Wednesday it will sell off its chip pre-manufacturing processing units in China at 87.8 billion won ($66.3 million).
The company has decided to divest a 75% stake in its wet chemical subsidiary SKC-ENF Electronic Materials Ltd. to Jiangsu Yoke Semiconductor Materials Co. at 50 billion won and sell a 90% stake in chip material cleaning affiliate SKC Solmics Hong Kong Ltd. to Shenyang Yichuang Precision Technology Co. at 37.8 billion won, according to its regulatory filing on Sept. 13.
The transaction of the two assets will be completed by Jan. 31 of 2024, SK Enpulse added.
SK Enpulse, formerly SKC Solmics, will strengthen its high-value semiconductor material and part business by selling off the China-based assets.
Its parent and SK Group's chemical material affiliate SKC Ltd. integrated its chip material and part business with SK Enpulse in January this year. The parent company spurs the business of chip pre-manufacturing process materials, such as chemical mechanical planarization (CMP) pads and blank masks.
The company boosts its semiconductor post-manufacturing process business, and a few days ago, the company announced its acquisition of a 12% stake in Chipletz as part of its shift towards chip testing.
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