Siltronic

GlobalWafers announced its intention to buy Siltronic for €3.75 billion ($4.5 billion), expected to close by first half of 2021, creating a combined 32-35% share of the silicon wafer market.

Siltronic broke ground on a new $3 billion wafer manufacturing facility in Tampines, Singapore. The facility is the company's largest and is expected to create 600 jobs when it opens in 2024.

PVA Crystal Growing Systems, a subsidiary of PVA TePla, received a EUR 95 million order from Siltronic AG to supply crystal growing systems for silicon wafer production, related to Siltronic's new 300 mm fab in Singapore.

Siltronic AG decided to expand its German site in Freiberg, increasing crystal pulling and epitaxy capacities.

Siltronic AG has decided to build a second 300 mm silicon wafer fab at its site in Singapore, with a capex of around EUR 2 billion until the end of 2024. Construction is planned to start in 2021.

GlobalWafers announced that its subsidiary GlobalWafers GmbH achieved a final acceptance level of 70.27% in its all-cash tender offer for Siltronic AG. The closing remains subject to regulatory approvals, expected in the second half of 2021.

GlobalWafers Co., Ltd. announced a Business Combination Agreement to acquire all outstanding shares of Siltronic AG via a voluntary tender offer at EUR125 per share, valuing Siltronic at EUR3.75 billion. Wacker Chemie, holding 30.8%, has agreed to tender its stake.