UPDATED. 2024-04-18 05:34 (목)
Wonik IPS’ talks to buy Semes’ display equipment unit fails
Wonik IPS’ talks to buy Semes’ display equipment unit fails
  • Gijong Lee
  • 승인 2021.03.20 18:08
  • 댓글 0
이 기사를 공유합니다

It is Semes' 2nd failed talk after those with KCTech
Image: Semes
Image: Semes

Semes’ talks to sell its display equipment business unit to Wonik IPS for 82 billion won has failed.

Wonik IPS said on Friday that the pair’s contract for the deal signed on August 31 has been canceled and they were no longer in talks.

The company said Semes, a subsidiary of Samsung Electronics, called off the talks as the contract didn’t meet its demand of transferring existing employees.

The pair singed a binding MOU on August 31. The pair won is talks for Semes to handover its technology, sales right and personnel related to photo and wet equipment __ which includes photoresist appliers, coaters, etchers, strippers and various cleaners.

People familiar with the matter said employees of Semes’ display unit strongly protested against the deal.

The failed talks was Semes’ second attempt to sell its display unit. In 2019, the company met with multiple potential buyers to sell the unit, except its inkjet business. KCTech showed strong interest, hoping resume its dealings with Samsung Display, but their talks failed. 

Another production equipment maker, founded by an ex-Semes executive, also held talks with Semes but their discussions also foundered.

For Semes, as its main customer Samsung Display is planning to exit the liquid crystal display (LCD) business, it no longer needs the display unit except business related to inkjet, which is used in OLED production. Semes was hoping to offload LCD-related equipment businesses and focus on those for color filters, OLED patterning, and OLED encapsulation.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr