Wuxi Hengxin Optoelectronic Materials to acquire the polarizing film business of Samsung SDI for $836m.

Wuxi Hengxin Optoelectronic Materials, a provider of services for electronic components, agreed to acquire the polarizing film business of Samsung SDI, a battery and electronic materials manufacturer, for $836m. The battery maker said the department making the divestment plans to focus on materials for semiconductors, organic light-emitting diode displays and batteries going forward, to enhance competitiveness and maximize synergy with the battery business through continuous investment.