SKC Transfers Semiconductor Material Fine Ceramics Business to Hahn & Company

SKC will transfer the fine ceramics business of semiconductor materials investment company SK Enpulse to private equity firm Hahn & Company (Hahn & Co).

SK Enpulse announced on the 31st that it held a board meeting on the 30th and decided to transfer the fine ceramics business to Hahn & Co for 360 billion KRW. Immediately after the board meeting, the two companies signed a business transfer agreement with these terms. SK Enpulse plans to complete the transaction in January next year after going through necessary procedures such as an extraordinary general meeting of shareholders next month.

Fine ceramics are materials that enhance electrical properties and durability compared to conventional ceramic materials through high-purity inorganic compounds. SK Enpulse has supplied parts required for various semiconductor and display processes to the market based on fine ceramics materials such as alumina (Al2O3), silicon (Si), silicon carbide (SiC), and quartz (Quartz).

Hahn & Co, which is acquiring the fine ceramics business, is the largest dedicated private equity fund manager in Korea. Since its establishment in 2010, it has acquired over 30 leading domestic companies, improving their structure and increasing corporate value.

SKC is reorganizing its semiconductor business focusing on high value-added new businesses, including the sale of SK Enpulse’s wet chemical and cleaning semiconductor basic materials business, equity investment in U.S. semiconductor packaging technology company Chipletz, and acquisition of semiconductor test solution company ISC.

Additionally, SKC is promoting the world’s first commercialization of semiconductor glass substrates for high-performance computing and strengthening business competitiveness through further mergers and acquisitions. An SKC official stated, "The proceeds from the fine ceramics transfer will be used as resources to further strengthen the competitiveness of the semiconductor materials and components business," adding, "We will secure solutions based on core technologies to become a ‘game changer’ in the global semiconductor materials and components market."

This content was produced with the assistance of AI translation services.