Taiwan’s GlobalWafers will no longer buy Munich-headquartered rival Siltronic after policymakers in Germany failed to approve the deal in time.
GlobalWafers will now have to pay a termination fee of 50 million euros to Siltronic.
Wafers are a key building block in the chips that are used to power everything from iPhones to car parking sensors.and a number of other chipmakers, has grown increasingly wary about the semiconductor global supply chain after a worldwide chip shortage hurt its well-known car industry. The ministry said an investment review would be carried out again if GlobalWafers chose to make a new acquisition attempt.
Doris Hsu, the CEO of GlobalWafers, said the outcome was"very disappointing," adding that the firm will"analyze the non-decision of the German government and consider its impact on our future investment strategy." In a statement, the company said:"Europe remains an important market for GlobalWafers and it remains committed to the customers and employees in the region."Elsewhere, a number of other chip deals are also being probed by governments and regulators.
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