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Soitec, SK team up to innovate semiconductor materials

Posted: 26 Nov 2014 ?? ?Print Version ?Bookmark and Share

Keywords:Soitec? SK Innovation? semiconductor material? IoT? manufacturing?

Soitec and SK Innovation (SKI) inked a deal to form an alliance geared on accelerating innovation in semiconductor materials for information communication technologies and IoT applications. According to the two companies, the collaboration will focus on innovating engineered substrates and the processes for fabricating these materials.

The partners' joint goal is to bring the first products to market by early 2017 in applications. These products will allow Soitec to grow its global market presence.

"Our partnership gives SK Innovation and Soitec the power to develop new materials and very quickly bring innovations to market," said Carlos Mazure, Soitec's CTO. "This is a very important first step for Soitec as we team up with Korea's leader in energy and materials development to leverage our two companies' strong synergies."

"This alliance is in line with SKI's roadmap towards new business opportunities in inorganic materials and fits well with SK Group's strengths," said Byong-sung Kwak, president of Global Technology and CTO of SK Innovation. "Because our company seeks to achieve its mission of becoming a truly innovative technology-driven company by fostering a corporate culture that values the spirit of challenge, creativity, and a positive attitude, and building the creative facilities necessary to support this culture, our alliance is well-equipped to succeed in high-growth markets, such as energy and semiconductor materials."

Although the first phase of the agreement targets semiconductor materials development, the alliance could be extended to include manufacturing and commercial development.

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