Fujifilm is to buy the semiconductor high-purity process chemicals business from Integris for $700 million.

The product lineup will expand with additional products and accelerate Fujifilm’s growth journey.

TOKYO, May 10, 2023 (GLOBE NEWSWIRE) — Fujifilm Corporation (President and CEO, Representative Director: Teichi Goto) announced today that the company has entered into a definitive agreement.^*1 To acquire the Semiconductor High Purity Process Chemicals (HPPC) business, CMC Materials KMG Corporation (KMG), from US-based Entegris, Inc. (Entegris) NASDAQ: ENTG for $700 million^*2.

With the acquisition of KMG, Fujifilm will offer its customers a wide range of electronic chemicals, including the KG line of HPPCs, which are used to manufacture and refine semiconductors, and are part of the growing materials segment. It is used in that product. KMG’s HPPC product lineup is compatible with Fujifilm’s existing products, including photoresists.^*3Photolithography materials, CMP sludge^*4post-CMP cleaning^*5Thin film precursors^*6Polyimide^*7 and wave control mosaic^*8 (WCM)’s expanded product lineup, the application of Fujifilm’s continuous improvement and innovation processes to that lineup, and the combined resources of Fujifilm and KMG enable Fujifilm to meet the growing short- and long-term demand of semiconductor manufacturers for world-class, innovative products. To support the production of their own products.

Fujifilm employs approximately 560 employees with world-class skills at twelve additional sites, including seven manufacturing locations in the United States, Europe and Singapore. KMG’s global footprint is in close proximity to the world’s top semiconductor fab manufacturers, and as such, the acquisition provides customers of those manufacturers with enhanced supply chain resilience. As part of the acquisition, Fujifilm will add KGG’s Total Chemical Management (TCM) business, which includes logistics services for customers in Southeast Asia and Europe.

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“Our mission is to contribute to a society that enriches people’s lives by developing and providing innovative materials designed to meet new needs. As society changes and technology evolves, new needs arise,” Goto added. It will be an important phase to accelerate further, which is the biggest business in the field of advanced materials. By combining KMG’s resources, Fujifilm will offer customers a broader product line and accelerate innovation in the semiconductor industry.

“The combined resources of the two global businesses’ strong talent base and complementary technology platforms will drive the development of next-generation HPPC products to further enhance semiconductor performance,” said Tetsuya Iwasaki, Corporate Vice President, General Manager, Electronics Division, FUJIFILM. Corporation. “We are excited about what the future holds, and look forward to welcoming the KMG team to Fujifilm. Together, we will continue our focus on providing our customers with innovative and comprehensive solutions.”

KMG uses its advanced refining technology and quality control expertise to manufacture, manufacture and distribute HPPC products worldwide.^*9 grade, including high purity sulfuric acid, isopropyl alcohol (IPA) and ammonium hydroxide, as well as specialty compound acids and solvents. HPPCs consist of a wide range of bulk chemicals widely used in semiconductor manufacturing for wafer cleaning, drying, and removal of metallic and organic residues. With the semiconductor industry growing at 11 percent annually, the use of HPPCs is expected to increase significantly.^*10 And increased cleansing, itching^*11 And for more advanced semiconductor manufacturing, drying steps are required.

By 2030, the total semiconductor industry is expected to reach 1 trillion dollars^*12, Fujifilm will continue to build on its foundation as a leader in the semiconductor manufacturing supply chain in anticipation of the industry’s significant growth. With continued investment in Fujifilm’s electronic materials business, including the acquisition of KGG, and the expected growth of the semiconductor industry, Fujifilm is set to achieve its financial goals of 250 billion yen in electronic materials business by 2026 and 400 billion yen in 2026. Sales by 2030 – two years ahead of schedule. Fujifilm also raised its 2030 sales goal by 100 billion yen to 500 billion yen.

In the United States The acquisition is expected to close by the end of 2023, subject to the satisfaction of customary closing conditions, including the expiration or termination of protection under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

1. An agreement was signed between Fujifilm and CMC Materials LLC, a subsidiary of Integris.

2. The acquisition cost may vary depending on the target business’s deposit balance, interest-bearing liabilities, working capital and other factors determined at the time of acquisition. The acquisition is expected to be completed by the end of 2023, subject to the satisfaction of customary closing conditions.

3. When semiconductors are manufactured, a light-sensitive chemical is applied to the wafer to form the circuit pattern.

4. Chemical mechanical planarization (CMP) is a chemical that is used to uniformly deposit films of different thicknesses onto a semiconductor surface.

5. After cleaning with CMP sludge, the cleaner is used to wash away particles, remove metal and organic residues while protecting the metal surface.

6. Special electronic chemicals form dielectric or other films on the surface of the wafer through chemical vapor deposition (CVD).

7. A material with high temperature resistance and thermal insulation performance used to create semiconductor resistive film and rewire layer.

8. A general term that refers to a group of functional materials that control electromagnetic waves (light) of a wide range of wavelengths, including photosensitive materials dyed to produce color filters for image sensors such as CMOS sensors used in digital cameras and smartphones.

9. ppt stands for parts per trillion, indicating that it contains one trillionth of the order of impurities.

10. Average annual growth rate over 5 years from 2021, cited from Semiconductor Materials report by US research company “Lynx”.

11. A process to transfer a circuit image to a silicon wafer by using exposure equipment and applying chemical etching steps to remove an unnecessary metal layer or oxide layer to form a semiconductor circuit.

12. McKinsey, “The Semiconductor Decade: A Trillion Dollar Industry,” April 1, 2022.

About Fujifilm
FUJIFILM Corporation, Tokyo, FUJIFILM Holdings Corporation is a joint venture company with FUJIFILM Business Innovation Corporation. Business innovation, and image. Our relentless pursuit of innovation is focused on delivering social value and enhancing people’s lives around the world. Fujifilm is committed to responsible environmental protection and good corporate citizenship. For more information on Fujifilm’s Sustainable Value Plan 2030, click here. In the year For the year ended March 31, 2022, the company had global revenue of approximately 2.5 trillion yen ($21 billion at an exchange rate of 122 yen/dollar). For more information, please visit: www.fujifilmholdings.com

CONTACT: Christine Jackman FUJIFILM Holdings America Corporation 9142614959 christine.jackman@fujifilm.com