In today’s briefing:
- GlobalWafers (6488.TT): The Last Step to Go for Siltronic (WAF GR) Mergence
GlobalWafers (6488.TT): The Last Step to Go for Siltronic (WAF GR) Mergence
- To merge with Siltronic has reached to 95% in probability for GlobalWafers now. Our target price for GlobalWafers doesn’t change at NT$880~960 and $1,200 if it finally past.
- Chinese government requested that GlobalWafers has to spin off its Denmark’s subsidiary 8” float zone (FZ) wafer within no more than 9 months at most.
- Currently, Siltronic is delivering a GM of 25.6~32% during 1Q~3Q in 2021, which is competitive to Sumco, Shin Etsu. However, it shall be able to improve the GM further.
Before it’s here, it’s on Smartkarma
