Varian Associates Inc.

08/01/1997

News

Varian Associates Inc., Palo Alto, CA, has reached an agreement to purchase the remainder of its 60% owned Korean semiconductor joint venture, Varian Korea Ltd. (VKL), from the unit`s president and managing director S.K. Suh. The amount of the transaction was not disclosed. VKL was formed in 1985 after Suh, who founded his own semiconductor equipment sales and service company in 1979, had served as Varian`s representative for a number of years. VKL`s role was later expanded to include manufacturing, and now has a 63,000-ft2 factory in Songtan City that produces chipmaking equipment. The venture manufactures ion implant and thin-film systems. Suh, who grew the company into a 300+ person organization, will remain an active supporter of VKL, which will remain a Korean company.