GlobalWafers – SunEdison Semiconductor

Silicon wafer manufacturer GlobalWafers in August announced that it will acquire SunEdison Semiconductor for $683 million. The company said that the purchase will help it expand its production capabilities, reach a greater breadth of product and customer bases, and increase its financial scale.

"We believe this combination is unique in that it merges two of the market's key suppliers with minimal overlap in customers, products and production capacities.  The combined company will bring together GlobalWafers' unparalleled operating model and market strengths with SunEdison Semiconductor's expansive global footprint and product development capabilities," said Doris Hsu, Chairperson and CEO of GlobalWafers in a statement.