Sumitomo Chemical has reached a definitive agreement to acquire 100% of the shares of Asia Union Electronic Chemical Corporation (AUECC), a Taiwanese company specializing in semiconductor process chemicals. This move will give Sumitomo Chemical its first manufacturing base for semiconductor process chemicals in Taiwan and a second base in the United States. The integration of AUECC's sales and procurement networks, diverse product offerings, and flexible packaging capabilities is expected to enhance Sumitomo Chemical's global supply network and strengthen its position as a comprehensive solutions provider for the semiconductor industry. The acquisition supports Sumitomo Chemical's strategic goal of expanding its presence in the semiconductor materials sector and aims to double its FY2024 sales by FY2030.