SK to Sell 70.61% Stake in SK Siltron to Doosan for 2.3 Trillion Won (Update)

Seven Months After Being Selected as Preferred Bidder Last December
Further Discussion Planned for Chey Tae-won's Remaining Stake

SK Inc. will sell its stake in its semiconductor wafer manufacturing subsidiary, SK Siltron, to Doosan Corporation. The transaction amount is approximately 2.3 trillion won.

On July 31, SK Inc. announced that its board of directors had approved the signing of a stock purchase agreement to sell 70.61% of its stake in SK Siltron—47,322,350 shares—to Doosan. This decision comes about seven months after Doosan was selected as the preferred bidder on December 17 of last year.

The shares to be sold include 34,181,910 shares directly held by SK Inc., along with 13,140,440 shares to be acquired through the exercise of a call option under a total return swap (TRS) agreement.

Regarding the remaining 29.39% stake held by Chey Tae-won, Chairman of SK Group, Doosan plans to conduct separate negotiations.

SK Inc. stated that its reason for the sale is “to enhance financial soundness and secure resources for future growth engines.”

Doosan cited "securing a foundation for mid- to long-term growth through business diversification" as its reason.

SK Siltron is the only specialized company in Korea producing silicon wafers, which are the basic materials for semiconductor chips, and ranks third globally in terms of market share for 12-inch wafers. With the acquisition of SK Siltron, in addition to Doosan Tesna and ENGION, Doosan has now established a business structure encompassing the semiconductor value chain from wafer production to the back end process.

This content was produced with the assistance of AI translation services.