SKC : SK enpulse Sells Its Semiconductor Basic Materials Business

· Wet chemical & cleaning business is sold to local companies: Yaker Technology and Sunyang Shinjin.

​· ​SKC's semiconductors materials/parts will continue the accelerated innovation centered on its high-value-added businesses.

SK enpulse, an invested subsidiary of SKC (CEO & President Woncheol Park) in the semiconductor materials business, is selling its semiconductor front-end process basic materials business.

On September 12, SK enpulse held a board meeting that decided to sell two of its businesses in China to local companies. The wet chemical business will be sold to the local semiconductor/display materials company Yaker Technology, and the cleaning business will be sold to the investment company Sunyang Shinjin. The sale amounts to approximately KRW 88 billion, including SK enpulse's 75% stake in the wet chemical business and 90% in the cleaning business. SK enpulse signed share purchase agreements (SPA) with Yaker Technology and Sunyang Shinjin immediately after the board meeting.

Yaker Technology, acquiring the wet chemical business, is a large company listed on the Shenzhen Stock Exchange in China, with its operations involving special gases for semiconductors/displays and photoresistor business. Sunyang Shinjin has invested in and owns equipment/parts manufacturers for semiconductor processes.

SKC integrated its semiconductor materials/parts businesses into SK enpulse early this year, seeking to continuously expand high-value-added materials business areas for semiconductor front-end processes, including CMP pads and blank masks. Additionally, the company is entering the semiconductor back-end process scene. Last month, SKC signed an agreement to acquire ISC, a global leader in semiconductor test solutions, and plans to complete the world's first glass substrate mass production facility for high-performance semiconductor packaging in Georgia, USA, through Absolics Inc. at the end of this year.

The sale is part of a business restructuring focused on high-value-added materials/parts. An SK enpulse executive said, "Our decision to sell existing businesses was made ambitiously to centralize our efforts on the high-value-added materials and parts business that are essential in the future semiconductor industry," and added, "We will continue to strive for business model innovation." [End of document]