Deals
GlobalWafers Said to Near China Approval for Siltronic Deal
- China watchdog largely comfortable with antitrust remedies
- Chip tie-up still needs nod from Germany’s econ ministry
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Taiwan’s GlobalWafers Co. is close to clearing an important regulatory hurdle in its $5.3 billion acquisition of German silicon wafer manufacturer Siltronic AG, according to people familiar with the matter.
China’s State Administration for Market Regulation has indicated it’s largely comfortable with the antitrust remedies proposed by the companies and could make a formal decision shortly, the people said, asking not to be identified discussing confidential information. The deal still requires the green light from Germany’s economy ministry, and those discussions are ongoing, according to the people.