According to sources, the new parties jumping into the bid for Silterra are semiconductor giants Foxconn from Taiwan and X-FAB from Germany. Under local regulatory requirements, Silterra’s plant will need to be majority-owned by local parties. Khazanah Nasional Bhd, which wholly owns Silterra, kicked off the divestment process for Silterra in February. Sources said bidders were also briefed that due to local regulatory requirements, Silterra’s manufacturing plant would need to be majority-owned by local parties. Hence any foreign participation would have to only take on minority stakes in Silterra, the sources say.

Source: thestar September 14, 2020 23:15 UTC