Samsung SDI has agreed to sell its polarizing film business to China’s Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won ($836.47 million). The sale includes the manufacturing and sales operations in South Korea’s Cheongju and Suwon regions, along with full ownership of Samsung SDI’s Wuxi-based overseas unit.
The South Korean battery maker plans to refocus its efforts on developing materials for semiconductors, OLED displays, and batteries, aiming to boost competitiveness and align more closely with its core battery business. This strategic shift is expected to drive synergies through continued investment in these key sectors.
The move comes as Samsung SDI sharpens its focus on high-growth industries, stepping away from its non-core operations to strengthen its market position in advanced technologies.
