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DOW CORNING BROADENS ITS CAPABILITY IN SILICON CARBIDE SUBSTRATES; ACQUIRES STERLING SEMICONDUCTOR
27 April 2007 - Dow Corning - EEI
| Dow Corning Corp. today announced the acquisition of the assets of Sterling Semiconductor Inc. for $11.2 million. Dow Corning will acquire the manufacturing and research and development assets of Sterling, an industry leader in manufacturing silicon carbide, in Danbury, Conn. and Tampa, Fla. and will hire 32 of Sterling’s current employees. |
Dow Corning Corp. today announced the acquisition of the assets of Sterling Semiconductor Inc. for $11.2 million. Dow Corning will acquire the manufacturing and research and development assets of Sterling, an industry leader in manufacturing silicon carbide, in Danbury, Conn. and Tampa, Fla. and will hire 32 of Sterling’s current employees. Dow Corning has transformed itself from a company focused on products to a solutions company that is organized around the needs of its customers around the world. Dow Corning’s New Ventures Business has been investing in silicon carbide and gallium nitride substrate technologies for the compound semiconductor industry. “This investment will provide Dow Corning with a new opportunity to build on its core silicon-based technology and solutions strength; and demonstrate to existing and potential customers our deep commitment to this industry segment,” said Dave Cornelius, Executive Director of Dow Corning New Ventures Business.
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Multibase (www.multibase.com), a Dow Corning company, is a leading global supplier of differentiated Thermoplastic Elastomer materials and solutions. Multibase's headquarters is located in France with manufacturing facilities in the US, France and India, and commercial offices around the world.
Dow Corning (www.dowcorning.com), which develops, manufactures and markets diverse silicon-based products, currently offers more than 7000 products and services to customers worldwide. Dow Corning is a global leader in silicon-based materials. Its shares are equally owned by Dow Chemical Company and Corning Incorporated. More than half of Dow Corning's sales are outside the United States. Multiflex are trademarks of Multibase S.A.
Dow Corning, TPSiV and Silastic are a registered trademark of Dow Corning Corporation. |
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