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.
