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Semiconductors

Clock ticks as GlobalWafers awaits German acquisition approval

Taiwanese chipmaker's bid for peer Siltronic faces Jan. 31 deadline

(Screenshots from GlobalWafers and Siltronic websites)

HAMBURG, Germany -- Taiwan's GlobalWafers -- the world's third-largest maker of semiconductor wafers -- is still waiting for Germany to greenlight its acquisition of German peer Siltronic just days before the offer is set to expire.

GlobaWafers has offered to pay 4.35 billion euros ($4.93 billion) for Siltronic in a bid to expand its market share and challenge leading Japanese players.

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