Air Products to acquire DuPont stake in US, Taiwan nanomaterials venture
Air Products has agreed to acquire all of DuPont's interest in DuPont Air Products NanoMaterials, the two companies' 50-50 joint venture serving the global semiconductor and wafer polishing industries.
Terms of the agreement were not disclosed.
DA NanoMaterials manufactures chemical mechanical planarization (CMP) slurries for the semiconductor and wafer polishing industries.
Headquartered in Tempe, Ariz., with regional headquarters in Hsinchu County, Taiwan, the company operates state-of-the-art applications and formulation laboratories in Tempe and Taiwan.
DA NanoMaterials has established a portfolio of colloidal silica-based products for copper CMP, tungsten CMP and wafer polishing applications, officials said.
"We are pleased to complete the conversion of DA NanoMaterials, and to continue to build on our electronic materials portfolio," said Wayne Mitchell, vice president and general manager of electronics for Air Products.
"This acquisition provides additional scale and synergies to our differentiated materials business within electronics."
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