MAXIMUM SYNERGY:The company said it has been scouting for partners since last year to reach its targeted position in the marketplace, advancing from No. 6 to No. 3

Taipei Times
Date: Aug 19, 2016
By: Lisa Wang / Staff reporter

GlobalWafers Co (環球晶圓) yesterday said it would become the world’s third-largest silicon wafer supplier, after the company reached an agreement to buy SunEdison Semiconductor Ltd for US$683 million.

It was the second acquisition launched by GlobalWafers this year after the company in May announced it would buy a silicon wafer division of Topsil Semiconductor Materials A/S for 320 million kroner (US$48.73 million).

GlobalWafers has set a target to boost its global position from No. 6 to No. 3, but “this goal will not be reached by organic growth or capacity expansion,” company chairperson Doris Hsu (徐秀蘭) told a media briefing in Taipei.     [FULL  STORY]