Doosan acquires SK Siltron… boosting semiconductor sales, but synergy remains elusive

SK has approved the sale of its 70.6% stake in wafer maker SK Siltron to Doosan for 230 billion won.

SK Siltron, a strong asset with annual sales above 2 trillion won for three straight years, could quickly scale up Doosan’s semiconductor business.

However, analysts say the overlap with Doosan’s existing businesses, including its electronics BG and Doosan Tesna, is limited, so synergy may be weak.

The deal should boost semiconductor revenue on paper, but its impact may end up being mostly portfolio expansion.