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GlobalWafers Co (環球晶圓), the world’s third-largest silicon wafer maker, yesterday said that Samsung Electronics Co and most of its customers have not scaled back on orders, or delayed shipments, even though consumer spending has shifted away from smartphones and notebook computers due to mounting inflation pressures. Rising inflation has altered consumers’ spending habits, dampening sales of consumer electronics, the Hsinchu-based company said. However, customers all honored their supply agreements by adjusting their product mix and shifting to applications that are still reporting robust growth, it said. Aside from one 6-inch factory, GlobalWafers’ 15 factories around the world are running at 100 percent ....
GlobalWafers Inc (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday reiterated its positive outlook on business until 2025, as customers continue to show a strong interest in securing wafer supply by signing long-term supply agreements (LTAs). The Hsinchu-based company saw prepayments from LTAs swell to a record NT$33.11 billion (US$1.12 billion), up 15 percent from the end of last year, undeterred by growing uncertainty about macro environmental risks including impact from COVID-19 lockdowns, the Russia-Ukraine war, rising interest rates, and higher energy and freight costs. “We continue to sign LTA contracts, especially for larger diameter wafers and advanced products, with 300-millimeter ....
GlobalWafers Co (環球晶圓) yesterday unveiled a new capacity expansion plan worth NT$100 billion (US$3.59 billion) as part of its effort to boost capacity and satisfy strong customer demand after its takeover of Germany’s Siltronic AG failed last week. The world’s third-largest silicon wafer supplier expects the expansion plan to support its revenue growth over the next few years. This year, revenue could grow by a double-digit percentage on an annual basis as raw wafer demand remains “quite good,” even with some special wafers in short supply, GlobalWafers said. “While the failed completion of our offer for Siltronic is disappointing, we have pursued ....
GlobalWafers Co (環球晶圓) yesterday expressed frustration that its planned takeover of Siltronic AG failed to win regulatory approval from the German government, saying it would reassess its future investment strategy. The US$5 billion deal was derailed by the German government, which did not reach a decision on its review of the transaction after more than a year. The German Ministry for Economic Affairs and Energy blamed a late approval from China for not making a decision in time. “Until the end of this deadline, not all necessary steps of the investment review could be concluded,” the ministry said in an e-mailed statement. ....
STOP DATE: The Taiwanese firm said it would reassess its investment strategy, while Germany blamed China’s late approval for its failure to make a decision by Monday/ Bloomberg ....