SK makes bold acquisition of wafer maker

Korean conglomerate is paying $530 million to acquire a controlling 51% stake in silicon wafer manufacturer LG Siltron.

South Korean conglomerate SK Holdings took a bold step to bolster its chip-making capabilities this week, announcing a W620 billion $530 million all-cash offer for a majority stake in silicon wafer manufacturer LG Siltron.

SK will take control of one of the most sought-after companies in the semiconductor industry after buying LG Corporation’s entire 51% stake in LG Siltron. The remaining 49% stake is split between local private equity funds Vogo Investment and KTB Private Equity.

LG Siltron has attracted plenty of interest from potential buyers in recent years amid a spate of consolidation among global wafer makers. This consolidation has been driven by a massive...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222