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 makes silicon wafers used in the production of computer chips
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 scale up through organic growth.

“According to our own evaluation, it would cost at least $2.5 billion if we were to grow organically and reach the production scale that SunEdison...

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