Sumitomo Chemical has decided to establish a new company in Texas in the U.S. through Dongwoo Fine-Chem Co., Ltd., a wholly-owned subsidiary located in South Korea, and to build at the company a high-purity semiconductor process chemical manufacturing plant. The new company, Sumika Semiconductor Materials Texas Inc., will serve as a strategic base in the U.S. market for the Sumitomo Chemical Group’s semiconductor process chemicals business and work to expand this business in the U.S. by effectively capturing robust demand. The new plant is due to commence operations in fiscal 2024.