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Hemlock Semiconductor reports layoffs and production cuts

7:14 AM MST | January 18, 2013 | —Rebecca Coons

Hemlock Semiconductor, a leading producer of polysilicon, has announced plans to cut approximately 400 employees from its 2 US manufacturing sites and reduce polysilicon production. The company cites “significant” polysilicon oversupply and the threat of tariffs on polysilicon sales into China, one of the company’s largest markets. Dow Corning holds a 63.25% stake in Hemlock. Shin-Etsu Handotai and Mitsubishi Materials own the remaining stakes in Hemlock, at 24.5% and 12.25%, respectively. Hemlock says the layoffs include approximately 300 at...

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