FUJIFILM Corporation announced on May 10, 2023, that it has signed a definitive agreement regarding the acquisition of CMC Materials KMG Corporation (KMG), a high-purity process chemicals business from Entegris, Inc. The acquisition costs $700 million and aims to expand the company’s product lineup and accelerate its growth trajectory. KMG’s HPPC product line includes materials such as photoresists, photolithography materials, CMP slurries, and post-CMP cleaners, among others.
With this acquisition, Fujifilm aims to meet the short-term and long-term needs of semiconductor manufacturers, enhance the resilience of supply chains, and increase innovation in the industry. Additionally, the acquisition will bring roughly 560 employees across 12 locations, including seven manufacturing locations in the US, Europe, and Singapore, to Fujifilm. It will also offer Fujifilm its first electronic materials manufacturing base in Southeast Asia.
The use of HPPC is expected to grow at an annual rate of 11% in the semiconductor industry. Fujifilm aims to achieve a $1 trillion market size by 2030. The acquisition is scheduled to be completed by the end of 2023, subject to customary closing conditions.
Fujifilm Holdings provides value from innovation in products and services by leveraging its deep knowledge and unique core technologies in various fields. The company had global sales of approximately ¥2.5 trillion in the period ending March 31, 2022. Fujifilm is committed to responsible environmental management and good corporate citizenship.