Taiwanese Supplier to Chip Makers Announces Expansion | Your money

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TAIPEI, Taiwan (AP) — GlobalWafers Co., which supplies silicon wafers to semiconductor makers, says it will invest $3.6 billion in facilities in Asia, the United States and Europe after the failed attempt to acquire Germany’s Siltronic AG.

Sunday’s announcement comes amid shortages of processor chips and other semiconductors that are disrupting auto manufacturing, smartphones and other industries. Producers announce plans to increase production, which will drive demand for wafers.

GlobalWafers’ bid to buy Siltronic fell through after German regulators failed to complete their review of the offer by a Jan. 31 deadline. The Taiwanese company said the 100 billion New Taiwan Dollars ($3.6 billion) earmarked for the purchase will instead be used to increase its production capacity.

The business. headquartered in Hsinchu, Taiwan, said production is expected to increase in the second half of 2023, but gave no details on possible locations.

GlobalWafers claims to be the world’s third largest supplier of silicon wafers used in semiconductors for information technology, automotive manufacturing and other products. It has factories in Taiwan, Japan, the United States, South Korea, China and Southeast Asia.

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