28.03.2011 • News

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.

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The State of the US Specialty Chemicals Industry
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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.