Soitec, SK Innovation collaborate semiconductor materials

Soitec, SK Innovation collaborate for semiconductor materials

1:16 PM, 24th November 2014
Soitec, SK Innovation collaborate for semiconductor materials

SEOUL, SOUTH KOREA/BERNIN, FRANCE: Soitec, a world leader in generating and manufacturing revolutionary semiconductor materials for the electronics and energy industries, and SK Innovation, the leader of Korea’s energy industry for the past five decades and a pioneering company in the fields of energy, lubricants, petrochemicals, organic materials, information electronic materials, and lithium-ion batteries, have signed a collaboration agreement (CA) to establish a strategic alliance focused on accelerating innovation in the area of semiconductor materials for information communication technologies and internet-of-things applications. The collaborative partnership will build on the synergy between the companies.

At the outset, the alliance will focus on innovating engineered substrates and the processes for fabricating these materials. The partners’ joint goal is to bring the first products to market by early 2017 in applications. These breakthrough products will allow Soitec to grow its global market presence.

SKI brings to the partnership extensive application knowledge and a diverse market presence, as well as the strength of the much diversified SK Group, which operates the leading telecom company and semiconductor company in Korea. Soitec contributes its business expertise, extensive patent portfolio, and global knowledge & infrastructure in mass producing products for the semiconductor markets.

“This alliance is in line with SKI’s roadmap towards new business opportunities in inorganic materialsand fits well with SK Group’s strengths. Because our company seeks to achieve its mission of becoming a truly innovative technology-driven companyby fostering acorporate culture that values the spirit of challenge, creativity, and a positiveattitude, and building the creative facilities necessary to support this culture, our allianceis well-equipped to succeed in high-growth markets, such as energy and semiconductor materials,” said Byong-sung Kwak, President, Global Technology and Chief Technical Officer, SK Innovation.

 

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