GlobalWafers, a silicon wafer manufacturing company, failed to acquire Siltronic, a supplier of silicon wafers, for $5.3bn. Closing of the transaction is subject to customary closing conditions, and is expected to complete in the second half of 2021. "This combination shows how attractive the Siltronic team and its leading-edge solutions are in this market. GlobalWafers has made important commitments for a successful future of Siltronic within the GlobalWafers Group. In particular, the guarantees made to the sites and the workforce were very important to us, but also maintaining the strong Siltronic brand under the GlobalWafers umbrella," Christoph von Plotho, Siltronic CEO. On January 22, 2021, GlobalWafers raises takeover bid for Siltronic to $5.3bn. On January 14, 2022, Siltronic sale to GlobalWafers in limbo as German approval outstanding. On February 1, 2022, GlobalWafers' Siltronic deal fails as Germany misses deadline.