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Taiwan's GlobalWafers wins China approval to buy German peer

Chip wafer maker aims to challenge leading Japan rivals with acquisition

GlobalWafers of Taiwan has received the greenlight from Chinese regulators to acquire of wafer material peer Siltronic of Germany. (Photos by Takaki Kashiwabara)

TAIPEI -- Taiwan's GlobalWafers, the world's third-largest maker of semiconductor wafers, said on Friday that it had received China's approval to acquire German peer Siltronic, a major step in the company's bid to expand its market share and challenge leading Japanese players.

GlobalWafers said that it has now obtained merger control clearance for the deal to acquire Siltronic, the world's No. 4 wafer maker, from China's State Administration for Market Regulation, although the deal still hangs on approval from the German authorities.

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