Globalwafers aims high with SunEdison purchase

The Taiwanese company's CEO tells FinanceAsia the rationale behind its $683 million deal to acquire SunEdison Semiconductor.

Globalwafers aims high with SunEdison purchase
Globalwafers makes silicon wafers used in the production of computer chips

Taiwan's Globalwafers sees the acquisition of US rival SunEdison Semiconductor as a fast and comparatively inexpensive way to propel itself into the global big league, chairperson and CEO Doris Hsu says.

In an interview with FinanceAsia after the $683 million deal was announced on Thursday, Hsu said the decision to buy the Missouri-based company which will make Globalwafers the world's third-largest silicon wafer manufacturer was much cheaper and more efficient than attempting...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES