Siltronic still selling to Taiwan hangover

Time is running out to sell German chip supplier Siltronic to Taiwanese rival GlobalWafers. Ten months after the Taiwanese company acquired 70 percent of Siltronic, it is still waiting for approval from the German government under the Foreign Trade Act.

GlobalWafers’ hope to bring the €4.35 billion acquisition of the silicon chip maker to produce chips under one roof before the end of 2021 has been dashed. “We continue to work actively with the remaining regulators and aim to close the deal in early 2022,” a spokesperson said. The approval of the Chinese antitrust authorities and the permit from Berlin must be available by January 31, otherwise the deal will fail.