Samsung Electro-Mechanics excels in race for glass substrate commercialization

Samsung Electro-Mechanics is gaining an edge in the industry's race to commercialize glass core substrates, a next-generation semiconductor packaging material, by agreeing to establish a joint venture for manufacturing glass core with Japan's Sumitomo Chemical. The Korean company said Wednesday that its CEO Chang Duck-hyun, Sumitomo Chemical Chairman Keiichi Iwata and Dongwoo Fine-Chem CEO Lee Jong-chan attended a memorandum of understanding (MOU) signing ceremony in Tokyo the previous day. Dongwoo Fine-Chem is Sumitomo Chemical’s Korean subsidiary. Through the agreement, the three companies plan to combine their technological expertise and global networks to accelerate the establishment of manufacturing and supply lines for glass cores used in package substrates and to strengthen their market presence. Under the joint venture, Samsung Electro-Mechanics will hold a majority stake, while Sumitomo will participate as an additional shareholder. The companies plan to finalize details such as the shareholding structure, business timeline and the name of the new entity before signing the ofWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times