TPE:6488

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GlobalWafers Raises $1.43 Billion in GDS Offering

GlobalWafers (TPE:6488) raised about $1.43 billion after pricing an offering of 50 million global depositary shares at $28.64 each, according to a Wednesday release.Each GDS represents one common share and is expected to be listed on the Luxembourg Stock Exchange and traded on its Euro MTF market.The semiconductor wafer manufacturer plans to use the proceeds to procure raw materials and invest in overseas subsidiaries, primarily to fund capacity expansion.

TPE:6488

Asia62d ago

GlobalWafers Halts 8-Inch Wafer Line in Italy After Fire Erupts

GlobalWafers (TPE:6488) has halted operations of its 8-inch wafer line production in Italy after a fire broke out on cleanroom equipment, according to a Wednesday filing with the Taiwan Exchange.The silicon wafer maker said the plant's 12-inch production line was unaffected and that it is assessing a post-disaster recovery plan.The company will activate capacity scheduling measures across its global production sites to meet orders and delivery needs.

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