Nanotechnology Now

Our NanoNews Digest Sponsors


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

Nanometrics to Participate in the 8th Annual CEO Investor Summit: Investor Event Held Concurrently with SEMICON West 2016 in San Francisco June 22nd, 2016

Artificial synapse rivals biological ones in energy consumption June 21st, 2016

NanoLabNL boosts quality of research facilities as Dutch Toekomstfonds invests firmly June 10th, 2016

Nanometrics Announces Upcoming Investor Events May 10th, 2016

Chip Technology

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Particle zoo in a quantum computer: First experimental quantum simulation of particle physics phenomena June 23rd, 2016

Nanometrics to Participate in the 8th Annual CEO Investor Summit: Investor Event Held Concurrently with SEMICON West 2016 in San Francisco June 22nd, 2016

Announcements

Superheroes are real: Ultrasensitive nonlinear metamaterials for data transfer June 25th, 2016

Russian physicists create a high-precision 'quantum ruler': Physicists have devised a method for creating a special quantum entangled state June 25th, 2016

Nanoscientists develop the 'ultimate discovery tool': Rapid discovery power is similar to what gene chips offer biology June 25th, 2016

Ultrathin, flat lens resolves chirality and color: Multifunctional lens could replace bulky, expensive machines June 25th, 2016

Acquisitions/Mergers/Splits

GLOBALFOUNDRIES Completes Acquisition of IBM Microelectronics Business: Transaction adds differentiating technologies, world-class technologists, and intellectual property July 1st, 2015

Entest BioMedical, Inc. in Discussions to Acquire Nanotechnology Delivery System for Cancer Therapy June 3rd, 2015

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

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







Car Brands
Buy website traffic