On September 13, SK enpulse, a chip material subsidiary of Korea's SKC, announced that it will sell two of its semiconductor material businesses operating in China to Chinese companies for KRW 880 billion ($664.5 million).
Under the agreement, SK enpulse will sell 75% of its wet chemical business to Jiangsu Yoke Semiconductor Materials, a Chinese chip and display materials company. Additionally, 90% of its wafer-cleaning business will be sold to Yesemi, an investment company.
Jiangsu Yoke Semiconductor Materials is a subsidiary of Yoke Technology, a listed company involved in the specialty gas and photoresist business for semiconductors and displays. Yesemi focuses on investing in semiconductor processing equipment and components.
Earlier this year, SKC merged its semiconductor material and component businesses into SK enpulse. The company's main focus has been on expanding its high-value-added material business for semiconductor front-end processes, and it also has plans to enter the semiconductor backend business.
