Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Dongbu Electronics and Dongbu Hannong Chemicals to Join Forces

Abstract:
Dongbu Electronics and Dongbu Hannong Chemicals, both publicly held Korean companies that operate within The Dongbu Group, today announced that their respective boards have agreed to a merger, effective May 1, 2007. The newly merged entity expects its synergistic union to create a world class "Bio-Semiconductor" enterprise that provides comprehensive foundry services as well as advanced chemicals and materials, including those used in bioengineering, nanotechnology and semiconductor processing.

Dongbu Electronics and Dongbu Hannong Chemicals to Join Forces

SEOUL, South Korea | Posted on February 20th, 2007

Founded in 1953, Dongbu Hannong Chemicals has achieved significant growth and strategic diversification over the years. Its recent diversification efforts, especially into electronic materials such as silicon and silicon manganese for semiconductor processing, has set the stage for the merger with Dongbu Electronics, Korea's leading wafer processing foundry, which was founded in 1997.

While technological synergies and operational efficiencies are expected to result from the merger, the top management teams of the two merged companies will continue in their current roles. According to Dong-Cheon Cha, who has been serving as president of Dongbu Hannong Chemicals, "Our operation has been especially active in developing both new and improved materials for bioengineering, nanotechnology and semiconductor processing. Our commitment to expand our business into these areas is just as strong as the commitment we have demonstrated in the past to successfully build strong market positions in agrochemicals, compound fertilizers and Ferro alloys."

Commenting on the merger, Young Hwan Oh, who has been serving as president of Dongbu Electronics, said, "We are confident that the merger of our foundry operations into the newly merged entity will enhance our capabilities to deliver best-in-class foundry specialty solutions with the highest quality for high-volume markets." He confirmed that the foundry team will work diligently toward realizing the synergies that can come from the merger while steadfastly maintaining a customer-first philosophy and a sharp focus on achieving high yields with continuous quality improvement.

####

About Dongbu Electronics
Dongbu Electronics provides world-class CMOS processing for system-on-chip solutions that integrate advanced logic, analog, and mixed-signal technologies. As a “Specialty Solution Partner” in high-growth markets, such as those represented by mobile handsets and flat-panel displays, Dongbu adds high value with specialized processing for CMOS Image Sensor (CIS), High Voltage, Embedded Flash, and LCD Driver IC (LDI) functions. Dongbu’s collaborate-and-thrive approach is evident across the entire manufacturing spectrum including prototype development/verification, packaging/module development, complete turnkey solutions, and accelerating time to volume production. The company’s stock is publicly traded under 001830 on the Korea Stock Exchange. For more information, visit http://www.dongbuelec.com .

For more information, please click here

Contacts:


Dongbu Electronics Korea/Asia
Kevin Lee, +82-17-337-4698

or
Dongbu Electronics USA/ Europe
Elizabeth Estrella-Basilio, +1-408-238-8822

Copyright © Business Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Evident Thermoelectrics Acquires GMZ Energy: Investment Accelerates Launch Of Evident's Thermoelectric Modules For Waste Heat May 20th, 2015

Nanometrics Announces Live Webcast of Upcoming Investor and Analyst Day May 20th, 2015

PEN Inc. Announces First Quarter Financial Results: Investor Webcast and Business Update Set for May 21, 1 pm EDT May 13th, 2015

Harris & Harris Group Portfolio Company OpGen Raises $17.1 Million in Initial Public Offering May 6th, 2015

Chip Technology

Nanometrics Announces Live Webcast of Upcoming Investor and Analyst Day May 20th, 2015

Sandia researchers first to measure thermoelectric behavior by 'Tinkertoy' materials May 20th, 2015

Defects can 'Hulk-up' materials: Berkeley lab study shows properly managed damage can boost material thermoelectric performances May 20th, 2015

GLOBALFOUNDRIES Offers New Low-Power 28nm Solution for High-Performance Mobile and IoT Applications: Technology is the first in the industry to provide design enablement support optimized to meet low power requirements of RF SoCs May 20th, 2015

Announcements

Researchers develop new way to manufacture nanofibers May 21st, 2015

Nanotherapy effective in mice with multiple myeloma May 21st, 2015

Turn that defect upside down: Twin boundaries in lithium-ion batteries May 21st, 2015

INSIDDE: Uncovering the real history of art using a graphene scanner May 21st, 2015

Acquisitions/Mergers/Splits

Evident Thermoelectrics Acquires GMZ Energy: Investment Accelerates Launch Of Evident's Thermoelectric Modules For Waste Heat May 20th, 2015

Keysight Technologies Begins Trading as Independent Company November 3rd, 2014

PEN Inc. Chairman, Scott Rickert, Will Webcast a Live Company Update September 25, 1 PM EDT September 17th, 2014

State University of New York Trustees Unanimously Approve SUNY Polytechnic Institute (SUNY Poly) as New Name for Merged SUNY CNSE / SUNYIT September 9th, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project