Deals
GlobalWafers Eyes More Market Share After $683 Million Deal
- CEO aims for 20 percent market share after SunEdison merger
- Silicon-wafer industry to grow by 4%-6% next year, CEO says
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GlobalWafers Co. says greater market share can be achieved in the silicon-wafer market after the Taiwanese supplier to chipmakers agreed to buy SunEdison Semiconductor Ltd. for $683 million including debt, adding new customers and production facilities.
The two companies currently have a combined 17 percent market share -- making it the world’s third largest silicon-wafer maker -- and 20 percent is within reach, Chairwoman and Chief Executive Officer Doris Hsu said in an interview on Thursday. She expects the industry to grow 4 to 6 percent in 2017.