Advantages OR disadvantages? The history of the largest M & A case of the impact of the LED industry

The United States of New York on Friday December 11th, two of the country's biggest chemical company, Dow Chemical (Dow Chemical) and DuPont (DuPont) reached an agreement with equality, will be merged into a $130 billion company called heavyweight business history, human history and the global industry's biggest merger. After the merger of the new scale of enterprises, surging news reports for the world's second largest chemical company after Germany, BASF reported that the world's largest chemical company.

After the merger, the new company will be named DowDuPont, and the future plans to split into three companies focused on agriculture, materials and specialty products. Dow Chemical and DuPont shareholders hold 50% stake in the new company Dow dupont. DuPont executive Ed Breen will serve as CEO of the new company, while Dow Chemical CEO Andrew Liveris will serve as executive chairman.

At the same time, the Dow Chemical Company plans from Corelle (Corning) on hand to buy Dow Corning (Dow Corning) of the total equity, Dow Chemical is expected to bring more than $1 billion before interest, taxes, depreciation and amortization (EBITDA) annual income. At present, the Dow Corning Dow Chemical and Corelle equal ownership.

Andrew Liveris said that this transaction will completely change the rules of the game industry changes, but also to achieve more than ten years in the field of materials science and innovation leader in the integration of the company's vision.

For the LED industry, it appears that at least two aspects of LED raw materials and UV LED light curing impact on the LED industry. On the first hand, may not be conducive to China's LED raw material production enterprises to break through the power of the international giants; second, may contribute to the global UV LED light curing industry to accelerate the process.

In terms of LED raw materials

DuPont is a leading provider of innovative materials and technology, is committed to providing a more efficient and sustainable development of the light emitting diode (LED) lighting technology and the advanced liquid crystal display (LCD), plasma display panel (PDP) and organic light emitting diode (OLED) technology, to help customers achieve sustainable and innovative solutions, improve LED lighting and display performance, and reduce manufacturing cost. Application examples include:

(1) DuPont? CooLam? Heat sink for high brightness LED lighting. DuPont CooLam heat sink is designed for LED lighting applications, the design of advanced heat dissipation materials, can help LED producers with longer life, high reliability and better light source quality LED lamp.

(2) OLED materials and process technologies designed to achieve cost-effective OLED TV and future OLED lighting applications. At the beginning of October, DuPont display division announced the official opening of the new material production equipment, the advanced equipment is specially designed for use in the fabrication of large-scale production of organic light emitting diode (OLED) display the required materials. The materials provided by DuPont can help manufacturers to develop brighter, more vivid, more durable and cheaper OLED displays.

(3) DuPont provide more durable LCD and touch screen DuPont? Vertak? Optical bonding technology; for accurate imaging of high resolution DuPont? Fodel? 8G thick film paste, can improve the large format, full HD PDP TV picture quality.

Dow Chemical's LED raw materials business is responsible for the cause of the electronic materials division of Dow high tech materials division, the Dow's LED technology business in China is mainly located in Shanghai's dow. The related accessories materials used in Dow chemical precursors, MOCVD is widely used in the LED process of active light-emitting area for the LED enterprise LED sapphire substrate and LED chip special photoresist, lithography processing and CMP polishing pad and polishing slurry. Dow electronic materials is the world's highest market share of chemical mechanical grinding fluid, grinding pad, with a leading LED backlight optimization film, light film and display of differentiated technology.

Dow Corning is by the Dow Chemical Company and Corelle company of equal ownership of the joint venture company, dedicated to the exploration and development potential of organic silicon, organic silicon, silicon is a global leader in technology and innovation, the innovation of optical silicone solutions throughout the lighting value chain. This year, Dow Corning introduced a lot of new products and new technologies, such as:

(1) a new generation of thermal interface material (TIM 1) - the new Dow Corning? TC-3040 thermal gel, with more efficient and more reliable thermal management performance, less stress, and flip chip applications demanding can still maintain excellent chip coverage.

(2) a new fluorescent membrane technology, can realize the method of creative design and made a new generation of LED, such as chip scale package; at the same time, the product also has good mechanical toughness, easy processing, excellent gas barrier protection, long service life, high reliability, quality, not only to optimize the output of light it can reduce the overall cost.

(3) a more rapid and simple LED product assembly and protection of the silicone solution portfolio, including Dow Corning IA-1200 room temperature curing hot melt adhesive silicone, as a solvent with a very low content of material, it can realize the rapid assembly of LED light source and lighting and improve its reliability.

Although the proportion of LED packaging in the overall cost of LED devices is relatively small, it is a very important application of materials, the overall performance of the LED device plays a decisive role. Therefore, the packaging enterprises in the selection or replacement of the glue is very careful, need to undergo rigorous testing to determine whether the parameters can achieve packaging and application requirements for domestic and international