Samsung LED, Sumitomo Chemical To Set Up Wafer JV

Samsung LED, a joint venture led by Samsung Electronics, and Sumitomo Chemical said on Monday they had agreed to form a wafer joint venture.

Samsung LED said in a statement that the 50-50 joint venture capitalized at around 80 billion won ($72.02 million) would make sapphire wafers used to make light-emitting diodes (LED).

The company plans to build a production plant this year, with mass production from early 2012, Samsung LED added.

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.