Huo Xing Finance reports that on July 31, according to Korean media, Doosan Group signed an agreement with SK Group to acquire the semiconductor wafer manufacturer SK Siltron. Upon completion of this transaction, Doosan is expected to further enhance its competitiveness in the semiconductor industry, building upon its core businesses in energy and machinery. Doosan, the holding company of Doosan Group, disclosed on the 31st that it has signed a share purchase agreement to acquire 70.6% of SK Siltron’s shares held by SK Group for a transaction value of 2.3 trillion Korean won. However, the 29.4% stake held personally by SK Group Chairman Choi Tae-won is not included in this acquisition. SK Siltron is South Korea’s only semiconductor silicon wafer manufacturer and ranks third globally in market share based on 12-inch wafers. Last year, SK Siltron’s corporate valuation exceeded 5 trillion Korean won.
Doosan Group acquires a 70.6% stake in SK Siltron for 23 billion KRW.
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Summary
South Korea’s Doosan Group finalized a 23 billion KRW deal to acquire 70.6% of SK Siltron, a leading semiconductor wafer manufacturer. SK Group’s chairman retains the remaining 29.4%. SK Siltron is South Korea’s only company in this sector and ranks third globally in 12-inch wafer sales. On-chain data from altcoins to watch indicates rising interest in blockchain-linked industries. The company’s valuation exceeded 50 billion KRW last year.
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