On October 3, 2016, Versum Materials was formed as a result of Air Products & Chemicals spinning off its Electronic Materials division. It is based in Tempe, Arizona. It manufactures CMP slurries, ultra-thin dielectric and metal film precursors, formulated cleans and etching products, and delivery equipment for the semiconductor industry.

On July 11, 2017 the company announced that would acquire Dynaloy, LLC from Eastman Chemical Company approximately $13 million. to expand its Surface Prep and Cleans business.