Silicon wafer giant Universal Crystal (6488-TW) spent 5.3 billionDollarThe acquisition of German silicon wafer fab Siltronic has crossed an important regulatory hurdle. According to Bloomberg on Tuesday (11th), citing sources, China is generally satisfied with the supporting measures for the transaction and is expected to pass the review. Day is just around the corner.
China’s State Administration for Market Regulation (SAMR) is generally satisfied with the anti-monopoly measures proposed for the acquisition, the sources said, and a formal decision could be made soon. After the case is reviewed by China, it still needs to be released by the German Ministry of Economic Affairs to truly pass the customs. These discussions are currently ongoing.
Xu Xiulan, chairman of Universal Crystal, said in an interview with German media Frankfurter Allgemeine Zeitung that she is still waiting for China’s final approval, but the authorities have responded and responded to all questions. As for Germany, she revealed that the German government may be worried about Universal Crystal’s Headquartered in Taiwan rather than Europe.
Siltron, SAMR and Germany’s economics ministry declined to comment. Universal Crystal, which announced its merger with Shichuang in December 2020, said in October last year that it had held lengthy discussions on regulatory licensing issues in China and Germany.
This acquisition will be the largest acquisition in Universal Crystal’s history and one of the largest M&A transactions in the wafer industry in recent years. Competition in the semiconductor market is heating up, former wafer customers are starting to design their own chips, and chipmakers are aggressively expanding into emerging areas.
Global Crystal’s public takeover of Stron has been approved by the Singapore Competition and Consumer Commission, the German Federal Cartel Office (FCO), the Austrian Federal Competition Authority (AFCA), the Korea Fair Trade Commission (KFTC), and the Republic of China Fair Trade Commission (TFTC). , the Committee on Foreign Investment in the United States (CFIUS) and the Japanese antitrust related review agencies.
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