Berlin runs out the clock on Taiwanese wafer firm deal for German company

A massive buy-over attempt by Taiwanese wafer makers over a rival has fallen through after German regulators did not issue a ruling within the time limit. — Bloomberg

One of the world's largest wafer makers in Taiwan said Tuesday a US$4.5bil (RM18.83bil) deal to acquire a German rival had fallen through after Berlin missed the agreement's deadline.

The so-called wafers are roughly one-millimetre-thick sheets of silicon necessary for the manufacturing of semiconductors, also known as chips, the backbone of the global technology sector.