Billion takeover: Taiwanese want to take over German wafer manufacturers


The circle of silicon wafer manufacturers could become even smaller in the near future: The Taiwanese producer GlobalWafers wants to take over the German competitor Siltronic. The negotiations are well advanced and provide for a purchase price of 125 euros per share, which would result in around 3.75 billion euros.

Major shareholder Wacker Chemie, who holds 30.8 percent of Siltronic, welcomes the conditions like that dpa reported. Accordingly, the offer is “attractive and appropriate”. According to its own information, Siltronic employs around 3600 people worldwide, more than 2000 of them in Germany (Munich, Burghausen, Freiberg). Further offices are located in Portland, USA, as well as in China, Singapore, Taiwan, South Korea and Japan.

The authorities have yet to approve the takeover. In the event of a final agreement, GlobalWafers undertakes to keep all employees on until at least 2024.

Broken down by sales, Siltronic is the world’s fourth largest manufacturer of 200 and 300 mm silicon wafers with a market share of 13 percent. TSMC, Samsung, Intel and Globalfoundries, among others, need the silicon wafers to manufacture CPUs, GPUs and other chips. GlobalWafers has a 17 percent market share – together, the companies are in second place behind Shin Etsu (33 percent).

Last year, Siltronic had sales of around 1.27 billion euros, of which 401 million remained as profit. For 2020, the company forecasts a decline in sales in the mid-single-digit percentage range. GlobalWafers achieved sales of 55.1 billion Taiwan dollars in 2019, the equivalent of 1.64 billion euros (according to the exchange rate as of December 31, 2020). The profit was 22.85 billion Taiwan dollars (681 million euros).

Since the beginning of the negotiations, Siltronics’ market value has risen significantly: a share currently costs 123.50 euros – an increase of more than 50 percent since the beginning of the month.


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