Taiwan’s GlobalWafers said on Wednesday that it will acquire German counterpart Siltronic for 3.75 billion euro, according to a report by Bloomberg.
The Taiwanese silicon wafer maker will pay 125 euros a share, a 10% premium to Siltronics’ closing price on November 27, the day before the acquisition talks were publicly disclosed.
The acquisition will be completed in the second half of 2021.
GlobalWafer’s market share will increase to 32% to 35% and become the world’s largest silicon wafer maker by revenue once the deal is complete, Bloomberg reported.
”Siltronic can help bolster GlobalWafers’ capability in 5G, power and Internet of Things,” GlobalWafers vice chairman and CEO Doris Hsu told the news outlet, adding the deal will also help her company accelerate the development of more advanced, compound-based semiconductor technology.
GlobalWafers has 26 offices in 14 countries. It has a factory in Cheonan, South Korea as well.