Taiwan's Globalwafers sees the acquisition of US rival SunEdison Semiconductor as a fast and comparatively inexpensive way to propel itself into the global big league, chairperson and CEO Doris Hsu says.
In an interview with FinanceAsia after the $683 million deal was announced on Thursday, Hsu said the decision to buy the Missouri-based company which will make Globalwafers the world's third-largest silicon wafer manufacturer was much cheaper and more efficient than attempting to scale up through organic growth.
“According to our own evaluation, it would cost at least $2.5 billion if we were to grow organically and reach the production scale that SunEdison...
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