Hsinchu, Taiwan, February 03, 2023 – GlobalWafers Co., Ltd. (“GlobalWafers”) announced today (Feb-3) that its Chinese subsidiary, Sino Silicon Technology (“SST”), will sign the Letter of Intent with Crystalwise Technology Inc. (Crystalwise) to acquire 100% shareholding of its subsidiary, Shanghai Sawyer Shenkai Technology Material Co., Ltd. (SSKT), within RMB 100 million (about NT$ 445 million). The acquisition is subject to the approval from Crystalwise’s shareholders at an extraordinary general meeting.
Founded in 2000, SSKT manufactures LT (LiTaO3) and LN (LiNbO3) wafers through one-stop production from crystal growth to polish and is qualified by customers. LT and LN wafers are the crucial substrates for SAW Filter, ideal for versatile applications in the fields of wireless communication and satellite.
Possessing the complete semiconductor wafer production line, GlobalWafers’ products span CZ and FZ. Crystalwise plans to sell SSKT due to financial reason. On the foundation of GlobalWafers’ stable performance in silicon wafers and compound semiconductors, the transaction will enable GlobalWafers to step into the oligopolistic LT/LN wafer markets and encompass special wafers into its comprehensive wafer portfolio of full sizes, full specs and full applications.
5G commercialization is moving at a rapid pace, service providers continue to invest in 5G deployments to further fuel 5G subscription growth. Apart from the increasing data transmission and smartphone performance enhancement, LTE deployment in emerging economies as well as the space race among many countries propel the market for SAW Filter as it could be used in various wireless communications, GPS and other satellite navigation devices, driving the burgeoning demand for LT/LN wafers – the indispensable material. GlobalWafers has devoted in the semiconductor business for years with the unapparelled management experience and the global sales channels. Its strategic alliances locating along the semiconductor value chain will make the best use of the advantages and maximize synergy.