Silterra draws multiple bids

In pursuit: Silterra Malaysia’s plant in Kulim Hi-Tech Park in Kedah. Sources say the new parties jumping into the bid for Silterra are semiconductor giants Foxconn and X-FAB.

AN intense bidding war for local semiconductor wafer foundry Silterra Malaysia Sdn Bhd is ongoing, which has also resulted in confusion over whether foreign parties are allowed to own a majority stake in the asset, sources say.

Sources say that Khazanah Nasional Bhd, which wholly owns Silterra, had begun a divestment process for Silterra in February this year.