A Taiwan-based supplier of silicon wafers has announced that it will be diverting $4.98 billion earmarked for the acquisition of a German hyperpure silicon wafer manufacturer towards investing in a new greenfield. GlobalWafers said on Sunday that the all-cash tender offer for Siltronic AG, one of the world’s prominent manufacturers of hyperpure silicon wafers, failed to finalize all requisite conditions, including regulatory approvals, by the Jan. 31 deadline. The capital expenditure set aside for the takeover, New Taiwan Dollar (NTD) 100 billion ($3.6 billion), will now be invested in brown- and greenfield capacity expansion plans and investments across Asia, Europe and the United States. The investments are predicted to be made over two years between 2022 and 2024. “While the failed completion of our offer for Siltronic is disappointing, we have pursued a dual-track strategy from the very beginning of the tender offer,” said CEO Doris Hsu in an official …
Taiwanese Chip Manufacturer Fails to Acquire German Company, Will Decide on Greenfield Investment
February 9, 2022
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Asia & PacificBusiness & Economychip manufacturingCompaniesoverseas acquisitionstaiwan semiconductorWorld
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