DuPont Spinoff Qnity Jumps On First Day of Trading; Will Join S&P 500 After Public Debut

Core Viewpoint - DuPont de Nemours has spun off its electronics division, now named Qnity, to capitalize on the growing semiconductor market and attract investor interest [2][3]. Group 1: Company Overview - Qnity has been listed on the New York Stock Exchange under the ticker Q and has been added to the S&P 500 index, replacing Eastman Chemical [3]. - The company anticipates net sales of $4.6 billion by 2025, with sales growth projected in the high single-digit percentage range [3]. - Qnity expects to achieve adjusted EBITDA margins of approximately 30% [3]. Group 2: Industry Focus - A significant portion of Qnity's revenue and growth is derived from the semiconductor industry, with additional contributions from packaging chips, printed circuit boards, and assembly [4]. - The data center and AI segment represents 15% of Qnity's business and is identified as the fastest-growing area, potentially attracting interest from both individual investors and institutions [4]. Group 3: Market Reaction - Following the spinoff, DuPont de Nemours experienced a decline of over 57% in trading, while Qnity saw an increase of more than 4% intraday [5].