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Semiconductors

GlobalWafers plans $3.6bn expansion after Siltronic bid fails

Taiwanese wafer maker activates Plan B as it foresees healthy chip demand

Taiwan's GlobalWafers says cross-border acquisitions could become more difficult as governments grow more cautious over such deals. (Photo courtesy of GlobalWafers)

TAIPEI -- Taiwan's GlobalWafers said it will pursue a three-year, 100 billion New Taiwan dollar ($3.6 billion) expansion plan in the U.S., Europe and Asia after Berlin failed to approve its acquisition of German peer Siltronic.

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