GlobalWafers Successfully Consummates Acquisition of SunEdison Semiconductor
02 Dicembre 2016 - 10:36AM
GlobalWafers Co., Ltd. (TPEx:6488) (“GlobalWafers”) is pleased to
announce that the acquisition of SunEdison Semiconductor Limited
(“SunEdison Semiconductor”) by GlobalWafers has been successfully
completed. This follows GlobalWafers’ announcement on August 18,
2016 to acquire all outstanding ordinary shares of SunEdison
Semiconductor in a transaction valued at USD 683 million, a figure
that includes SunEdison Semiconductor’s outstanding net debt.
The combined entity will bring together
GlobalWafers’ unparalleled operating model and market strengths
with SunEdison Semiconductor’s expansive global footprint and
product development capabilities. GlobalWafers will see a
meaningful expansion of its production capabilities and breadth in
product and global customer base, including greater access to the
Korea and EU as well as SOI product technologies and capacity. It
will also have a significant increase in financial scale. The
transaction will ultimately provide the foundation for GlobalWafers
to be a good wafer solution provider and long term partner for all
semiconductor customers.
“Our enterprise footprint of 17 operation sites
located in 10 countries is strategically positioned in all regions
to support our customers more effectively,” said Doris Hsu,
Chairperson and CEO of GlobalWafers. “The new GlobalWafers will be
customer-centric with our success being gauged by the satisfaction
level of our customers. Our goal is to aggressively be our
customers’ supplier of choice as it relates to quality, technology,
supply, support and price.”
AdvisorsNomura Securities is
acting as sole financial advisor to GlobalWafers, and White &
Case LLP is acting as legal advisor to GlobalWafers. Barclays
Capital is serving as financial advisor to SunEdison Semiconductor,
and Bryan Cave LLP is serving as legal counsel to SunEdison
Semiconductor.
About GlobalWafersHeadquartered
in Hsinchu, Taiwan, GlobalWafers is one of the six largest silicon
wafer manufacturers in the world. Founded in 1981, it was the
semiconductor business unit of SAS (Sino-American Silicon Product
Inc.) and spun off as GlobalWafers Co., Ltd. in 2011. Specializing
in 3” to 12” silicon wafer manufacturing, product applications
extend through power management, automotive, IT and MEMS.
GlobalWafers operates out of nine facilities in Taiwan, China, USA,
Japan, Denmark, and Poland. GlobalWafers is listed on the Taipei
Exchange.
About SunEdison
SemiconductorSunEdison Semiconductor is a global leader in
the manufacture and sale of silicon wafers to the semiconductor
industry. For over 55 years, SunEdison Semiconductor has been a
pioneer in the design and development of silicon wafer
technologies. With R&D and manufacturing facilities in the
U.S., Europe, and Asia, SunEdison Semiconductor enables the next
generation of high performance semiconductor devices.
Cautionary Statement Regarding
Forward-Looking InformationThis press release contains
forward-looking statements. These forward-looking statements are
subject to risks and uncertainties. Consequently, actual results
and experience may materially differ from those contained in any
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and GlobalWafers make
no commitment to revise or update any forward-looking statements in
order to reflect events or circumstances occurring or existing
after the date any forward-looking statement is made.
Contacts
GlobalWafers
Spokesperson: William Chen +886-3-577-2255 (ext. 2280)
William@sas-globalwafers.com
Deputy: Jason Chien +886-3-577-2255 (ext. 2379)
Jason.chien@sas-globalwafers.com
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