SunEdison will spin off IC wafer business

08/23/2013 | Reuters

SunEdison plans to spin off its semiconductor materials business, which supplies silicon wafers for IC manufacturing, in an initial public offering to concentrate on its business in solar power plants. SunEdison was known as MEMC Electronic Materials until changing its corporate name in May. The spinoff, known as SunEdison Semiconductor, may go public early next year.

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