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Technology

Taiwan's GlobalWafers in talks to buy German peer for $4.5bn

Acquisition aimed at taking on Japanese giants in key chipmaking sector

GlobalWafers' acquisition of Siltronic of Germany would put the Taiwanese chip wafer maker in the No. 2 spot globally.  (Photos by Takaki Kashiwabara)

TAIPEI -- Taiwan's GlobalWafers, the world's third-largest maker of semiconductor wafers, said on Monday that it is in final talks to acquire German peer Siltronic AG, in a bid to expand its market share and challenge leading Japanese players.

GlobalWafers plans to launch a voluntary tender offer of 125 euros per share to Siltronic's shareholders and the two companies aim to sign a "business combination agreement" in the second week of December, company spokesperson William Chen said at a press conference early Monday.

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