GlobalWafers Co., Ltd. announced that the acquisition of SunEdison Semiconductor Limited by GlobalWafers has been successfully completed. This follows GlobalWafers’ announcement on August 18, 2016 to acquire all outstanding ordinary shares of SunEdison Semiconductor in a transaction valued at USD 683 million, a figure that includes SunEdison Semiconductor’s outstanding net debt.

The combined entity will bring together GlobalWafers’ operating model and market strengths with SunEdison Semiconductor’s expansive global footprint and product development capabilities. GlobalWafers will see a meaningful expansion of its production capabilities and breadth in product and global customer base, including greater access to the Korea and EU as well as SOI product technologies and capacity. It will also have a significant increase in financial scale. The transaction will ultimately provide the foundation for GlobalWafers to be a good wafer solution provider and long term partner for all semiconductor customers.

“Our enterprise footprint of 17 operation sites located in 10 countries is strategically positioned in all regions to support our customers more effectively,” said Doris Hsu, Chairperson and CEO of GlobalWafers. “The new GlobalWafers will be customer-centric with our success being gauged by the satisfaction level of our customers. Our goal is to aggressively be our customers’ supplier of choice as it relates to quality, technology, supply, support and price.”