GlobalWafers Co (環球晶圓) is close to clearing an important regulatory hurdle in its US$5.3 billion acquisition of German silicon wafer manufacturer Siltronic AG, people familiar with the matter said.
The Chinese State Administration for Market Regulation (SAMR) has said that it is largely comfortable with the antitrust remedies proposed by the companies and could make a formal decision shortly, the people said, asking not to be identified as they were discussing confidential information.
The deal still requires approval from the German Federal Ministry for Economic Affairs and Climate Action, and those discussions are ongoing, the people said.
GlobalWafers shares were up as much as 7.6 percent in Taipei yesterday, while Siltronic rose 1.1 percent in Frankfurt on Tuesday, giving it a market value of about US$4.7 billion.
“We are still waiting for the final approval in China, but all questions have been answered,” GlobalWafers chairwoman Doris Hsu (徐秀蘭) said in an interview with German newspaper Frankfurter Allgemeine Zeitung published on Tuesday.
The German government might be concerned that GlobalWafers is headquartered in Taiwan, rather than in Europe, she added.
A representative for Siltronic declined to comment, while a SAMR spokesperson could not immediately be reached for comment outside regular business hours.
A representative for the German economy ministry had no immediate comment.
GlobalWafers and Siltronic announced their tie-up in December 2020.
The companies said in October last year that they were in protracted discussions over regulatory clearances in China and Germany.
The takeover would be GlobalWafers’ largest ever and also one of the chip industry’s biggest in the past few years.
Competition in the market for semiconductors is heating up as companies that were once customers such as Apple Inc, are designing their own chips and established players such as Nvidia Corp branch out into new areas.
Headquartered in Munich, Siltronic is a leading maker of silicon wafers used in products such as smartphones, computers, navigation and digital displays.
It has production sites and offices in Germany, the US and other advanced manufacturing countries.
Nomura Holdings Inc advised GlobalWafers on the deal, while Credit Suisse Group AG worked with Siltronic.
AVOIDING CONFUSION: Passengers are to be able to check in two items of luggage, while the free weight allowance is to be increased to conform with other airlines EVA Airways Corp (長榮航空) yesterday announced that from June 23 it is to adopt a new baggage allowance policy for all passengers with a higher weight limit as it aims to benefit passengers and increase efficiency. The airline currently has a two-system baggage policy: It allows passengers flying to the US and Canada to check in two pieces of baggage with a free weight allowance, while for those flying to Asia, Europe and Oceania there is also a free weight allowance, but no limit on the number of pieces of baggage. From June 23, passengers would be able to check in two
MORE THAN BUZZ: The chip designer said it has received numerous orders from automakers to supply 5G modem chips, as it works to expand beyond smartphones MediaTek Inc (聯發科) yesterday said it would ship the first 5G chips for vehicles to customers in the Asia-Pacific region by the end of the year, as it moves to expand the reach of its 5G chips beyond smartphones. The Hsinchu-based chip designer said it has been developing 5G chips for connected vehicles over the past few years, targeting applications such as telematics and in-vehicle information systems. “We are seeing demand for 5G technology from numerous makers of connected cars, including electric vehicle makers. We have obtained numerous orders from automakers to supply 5G modem chips with highly integrated features,” J.C. Hsu
Qualcomm Inc yesterday said it would maintain its supply chain strategy of sourcing chips from multiple foundry partners, including advanced chips from two major suppliers, to ensure a sufficient chip supply amid the COVID-19 pandemic. Qualcomm is reportedly working with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co on advanced products, such as 4-nanometer chips, for its new flagship 5G chips, the Snapdragon 8+ Gen 1 series. Qualcomm is sourcing chips made by mature technologies from several foundry partners, the company said. Alex Katouzian, general manager of Qualcomm Technologies Inc’s mobile, compute and XR business, told a virtual media briefing that
US DRAM maker Micron Technology Inc is set to install the industry’s most cutting-edge technology — extreme ultraviolet (EUV) lithography equipment — in its facility in Taichung this year, the company said yesterday. In early preparation for the volume production of 1-gamma nanometer node DRAM, “we plan to introduce EUV tools to our Taichung fab later this year,” Micron president and chief executive officer Sanjay Mehrotra said via video at the Computex trade show in Taipei. Gamma refers to the dimension of half the distance between cells in a DRAM chip. Micron is also looking forward to beginning mass production of its