Siltronic can go it alone, CEO says after GlobalWafers deal breaks down

FILE PHOTO: A scientist presents a silicon wafer during a media presentation in one of the low particle pollution nanofabrication clean rooms of the Swiss Federal Institute of Technology (EPFL) in Ecublens, near Lausanne May 16, 2011. REUTERS/Valentin Flauraud

BERLIN (Reuters) -German wafer maker Siltronic saw a good start to 2022 and is convinced it can go it alone after a planned sale to Taiwan's GlobalWafers collapsed, saying global demand for scarce chips will remain high in the long term.

"We now see ourselves in a strong position to remain successful as an independent company," Chief Executive Officer Christoph von Plotho said on Wednesday, citing a planned new factory in Singapore that reflects its growth ambitions.