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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.

GlobalWafers, the world's third-largest maker of silicon wafers for chips, said on Sunday it will carry out the expansion plan from this year through 2024, with $2 billion to go toward building a new factory and $1.6 billion to increase capacity at existing facilities around the world. GlobalWafers said it has shortlisted a few candidates for the location of the new factory but has not made a final decision.

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