Dechert LLP advised Korean conglomerate SK Siltron Co., Ltd. on the transaction.
SK Siltron Co., Ltd. executed the acquisition of the U.S. chemicals firm DuPont’s Silicon Carbide (SiC) Wafer business for US$450 million.
The acquisition is subject to regulatory approvals from relevant domestic and overseas authorities and is expected to close by the end of 2019.
SK Siltron, which manufactures and distributes semiconductors, plans to utilize and enhance the newly acquired SiC wafer business’ research and production capabilities to further develop its competitive edge in the industry. Customer demand for SiC wafers has been increasing rapidly due to the expanding supply of electric vehicles, and the industry is expected to welcome the additional, high-quality supply.
Dechert LLP advised SK Siltron with a multi-jurisdictional and cross-practice team led by Hong Kong-based corporate partner David Cho (Picture) and included Hong Kong-based counsel Spencer Park, associates Amos Yoo and Susan Yoon (Corporate); Singapore-based associate Jalpit Amin (Corporate); Philadelphia-based partners Abbi Cohen (Corporate) and Thomas Johnson II (Labor); New York-based partners Joshua Rawson (Intellectual Property), Joshua Milgrim (Tax), counsels Francois Quintard-Morenas (Corporate), Beverly Ang (Antitrust/Competition) and associates Sarah Burke (Labor) and Noah Shier (Intellectual Property); Washington-based partners Jeremy Zucker and Darshak Dholakia (Litigation) and associate Hrishikesh Hari (Litigation); and Los Angeles-based partner Andrew Wong (Litigation).
Involved fees earner: Jalpit Amin – Dechert; Beverly Ang – Dechert; Sarah Burke – Dechert; David Cho – Dechert; Abbi Cohen – Dechert; Darshak Dholakia – Dechert; Hrishikesh Hari – Dechert; Thomas Johnson – Dechert; Joshua Milgrim – Dechert; Spencer Park – Dechert; Francois Quintard-Morenas – Dechert; Joshua Rawson – Dechert; Noah Shier – Dechert; Andrew Wong – Dechert; Amos Yoo – Dechert; Susan Yoon – Dechert; Jeremy Zucker – Dechert;
Law Firms: Dechert;
Clients: SK Siltron Co., Ltd.;