Doosan Group is accelerating its transformation into an artificial intelligence (AI) infrastructure powerhouse after reaching a deal to acquire chip wafer manufacturer SK Siltron at what analysts described as “a reasonable price.” The acquisition will give the group a presence across the semiconductor manufacturing value chain, spanning wafers, substrate materials and testing, while expanding its portfolio beyond heavy industry and strengthening semiconductors as a key earnings pillar. On Friday, Doosan Corp. and SK Inc. announced that the former will take over a 70.6 percent stake in SK Siltron held by the latter at 2.3 trillion won ($1.61 billion). The deal came seven months after Doosan Corp. was selected as the preferred bidder for the stake. The prolonged negotiations had fueled speculation that SK was seeking a significantly higher price following the surge in semiconductor demand. However, the two sides ultimately agreed on a 2.3 trillion won deal, while including an earn-out clause under which SK will receive additional proceeds if SK Siltron's earnings exceed a predetermine
Doosan on track for growth as portfolio aligns with AI industry