February 21, 2007 – The Dongbu group says it will merge its foundry business, Dongbu Electronics, with Dongbu Hannong Chemicals to create a “biosemiconductor enterprise” to provide foundry services along with advanced materials targeting bioengineering, nanotechnology and semiconductor processing.

The merger will achieve some “technological synergies and operational efficiencies,” with top management teams continuing in their current roles, the companies said, in a statement.

“We are confident that the merger of our foundry operations into the newly merged entity will enhance our capabilities to deliver best-in-class foundry specialty solutions with the highest quality for high-volume markets,” said Young Hwan Oh, who has been serving as president of Dongbu Electronics.