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Press Release

White & Case Advises GlobalWafers Co., Ltd. on US$683 Million Acquisition of SunEdison Semiconductor

Global law firm White & Case LLP has advised GlobalWafers Co., Ltd. in its pending acquisition of SunEdison Semiconductor Limited (NASDAQ OMX: SEMI) in a transaction valued at US$683 million, including SunEdison Semiconductor outstanding net indebtedness. Both companies are leaders in the manufacture and sale of silicon wafers to the semiconductor industry. The transaction is expected to close by the end of 2016 and is subject to customary closing conditions, including SunEdison Semiconductor shareholder, CFIUS, antitrust and Singapore Court approvals.

Under the terms of the agreement, SunEdison Semiconductor shareholders will receive $12.00 per share in cash for each ordinary share held.  The transaction is structured as a Singapore Scheme of Arrangement due to SunEdison Semiconductor being incorporated in Singapore and underscores White & Case's experience in advising clients on transformative cross border public M&A transactions.

The White & Case team that advised on the transaction was led by partners John Reiss and Arlene Hahn in New York, with support from associates Michael Deyong and Adam Cieply, and by partner Jonathan Olier and local partner, Jon Bowden in Singapore.

About GlobalWafers
Headquartered in Hsinchu, Taiwan, GlobalWafers is one of the six largest silicon wafer manufacturers in the world. Founded in 1981, it was the semiconductor business unit of SAS (Sino-American Silicon Products Inc.) and spun off as GlobalWafers Co., Ltd. in 2011. Specializing in 3″ to 12″ silicon wafer manufacturing, product applications extend through power management, automotive, IT and MEMS. GlobalWafers operates out of nine facilities in Taiwan, China, USA, Japan, Denmark, and Poland. GlobalWafers is listed on the Taipei Exchange.

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