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Sale of SunEdison Semiconductor clears key regulatory review

Sale of SunEdison Semiconductor clears key regulatory review

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SunEdison Semiconductor said Monday its pending sale to Taiwan-based GlobalWafers Co. Ltd. has cleared a review by the Committee on Foreign Investment in the United States (CFIUS). 

CFIUS determined that there are no unresolved national security concerns with respect to proposed acquisition, the companies said. The finding clears the way for the acquisition to close before Dec. 31.

The transaction, valued at $683 million including debt, was announced in August.

SunEdison Semiconductor is an O’Fallon, Mo.-based maker of silicon wafers for the computer chip industry.

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