DuPont aims to complete the separation of its Electronics business by November 1, 2025, creating a new independent public company named Qnity Electronics, Inc.
The separation does not require a shareholder vote and is subject to customary conditions including board approval and regulatory approvals.
Management and reporting structures were realigned in the first quarter of 2025 in preparation for the separation.
Intended Separation Details
The planned spin-off of DuPont's Electronics business will result in the formation of Qnity Electronics, Inc., a new independent public company.
Financial Recasting
DuPont's financial reporting structure has been changed to reflect the intended Electronics separation, affecting reporting of financial results by segment.
Qnity Cash Distribution
Qnity will distribute approximately $4.122 billion to DuPont to fund the separation, expected to be covered by net proceeds of notes issuance, loans, and cash on hand.
- The separation will lead to a shift in DuPont's operational focus and financial reporting.
- Qnity Electronics, Inc. will be responsible for certain legacy liabilities and funding obligations as part of the separation agreement.
The announced separation marks a significant strategic move for DuPont towards establishing Qnity Electronics, Inc. as an independent entity in the semiconductor market.