SAN JOSE, Calif. South Korea’s Samsung Electronics Co. Ltd. and Germany’s Siltronic AG are in talks to form a joint silicon wafer venture in Singapore, according to a report from the Financial Times Deutschland.
The report indicated that Samsung and Siltronic were in “advanced talks” about the silicon wafer venture. No other details were given.
It’s been a topsy-turvy time for Siltronic (Munich, Germany), which shelved its initial public offering in Germany back in 2004. The company is losing ground to other silicon wafer makers, including MEMC, SEH and SUMCO.
German specialty chemicals company Wacker Chemie AG is also said to be in talks to sell its wafer making subsidiary, Siltronic, with U.S. investment firm Francisco Partners being among interested parties, according to a recent report.
The Wacker family recently sold a portion of its stake in Wacker Chemie AG to investment bank Morgan Stanley, according to another report.