In a transformative move that underscores its commitment to becoming a leading force in the semiconductor materials manufacturing industry, FUJIFILM Corporation has successfully completed the acquisition of the electronic chemicals business previously owned by Entegris, Inc. This acquisition, which amounted to $700 million, not only fortifies Fujifilm’s position but also reinforces its dedication to innovation and excellence in the realm of electronic materials. This transformative development is a significant step in their journey towards achieving a revised sales target of JPY 500 billion by 2030.
The acquired business, formerly known as CMC Materials KMG Corporation, is now rebranded as FUJIFILM Electronic Materials Process Chemicals. With this strategic acquisition, Fujifilm has broadened its product portfolio in electronic chemicals. The new addition includes a comprehensive product line-up and twelve additional sites across the United States, Europe, and Singapore, marking Fujifilm’s first electronic materials manufacturing site in Southeast Asia. This expansion brings Fujifilm’s total electronic materials manufacturing footprint to 18 strategically located sites, ensuring enhanced supply chain resilience for the semiconductor industry.
Diversified Product Offerings
One of the standout advantages of this acquisition is the ability to offer a more comprehensive range of electronic chemicals to customers. This includes the inclusion of the High Purity Process Chemicals (HPPCs) product line, a vital component in the semiconductor manufacturing process, primarily used for etching and cleaning silicon wafers. This addition complements Fujifilm’s existing products in formulated products and high purity solvents. Furthermore, this strategic move also incorporates the Total Chemical Management business, which encompasses on-site and off-site logistics services provided to customers in Southeast Asia and Europe.
A Vision for the Future
“This acquisition will allow us to further enhance our product and global supply capabilities. We will leverage group synergies to create and provide electronic materials that bring value to society and respond swiftly to market demands and customer expectations,”Teiichi Goto, FUJIFILM Corporation’s President and CEO.
With a vision that extends beyond the immediate acquisition, Goto highlighted the company’s commitment to sustainable business growth, enriching people’s lives through enhanced semiconductor performance and value. This acquisition is not merely an expansion of their business; it’s a strategic step towards creating a society enriched by technological advancements.
The success of this acquisition and the seamless integration of the new business division are entrusted to a seasoned leadership team comprising individuals from both Fujifilm and the acquired business. Tetsuya Iwasaki, who serves as Chairman and Director, Corporate Vice President, General Manager, Electronic Materials Division at FUJIFILM Corporation, will lead the global business. Brian O’Donnelly, the Chief Executive Officer, is also the President and CEO of FUJIFILM Electronic Materials, U.S.A., Inc., and the Global VP of the Electronic Materials Division. Ryan Mears, VP & GM, brings his expertise as the former Vice President and General Manager of Electronic Chemicals at Entegris.
“FUJIFILM Electronic Materials Process Chemicals adds immediate value to our global organization. Collectively, we look forward to accelerating innovation and fostering the development and manufacturing of a wide range of electronic chemicals to power next-generation devices. I am confident that this acquisition and the talented employees will build on our legacy as a valued, customer-focused leader in the semiconductor industry,”Tetsuya Iwasaki, Chairman and Director, Corporate Vice President, General Manager, Electronic Materials Division at FUJIFILM Corporation.
Since the acquisition, we do not wait to delve into the industry and explore new avenues for innovation. On November 14-17, Fujifilm Electronic Materials shows up in Munich at SEMICON Europa 2023 – the foremost event for electronics manufacturing in Europe. Come visit us at the booth B1616 (hall B1) to learn more!