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Dow Corning has spent $240 million to buy out Mitsubishi Materials’ interest in Hemlock Semiconductor, a polysilicon producer set up 50 years ago in Hemlock, Mich. Shin-Etsu Handotai still owns 19.5% of a Hemlock Semiconductor division. Hemlock has largely completed a second polysilicon plant, in Clarksville, Tenn., but it put the project on hold earlier this year because of slumping prices for the material, used in computer chips and solar cells.
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