Dow Corning says it will buy out Mitsubishi Materialsâ€™ (Tokyo) stake in Hemlock Semiconductor Group joint ventures for $240 million. Dow Corning has purchased Mitsubishi Materialsâ€™ 12.125% ownership share in both Hemlock Semiconductor Corp. and Hemlock Semiconductor LLC. The deal increases Dow Corningâ€™s stake in Hemlock Semiconductor Corp. to 80.5% and in Hemlock Semiconductor LLC to 100%. Shin-Etsu maintains a 19.5% stake in Hemlock Semiconductor Corp. â€śHemlock Semiconductor is an important and strategic contributor to Dow Corningâ€™s financial...
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