Proposed Merger between Chartered Semiconductor Manufacturing Ltd and Hitachi Semiconductor Singapore Pte Ltd

Notifying Parties:

Chartered Semiconductor Manufacturing Ltd and Hitachi Semiconductor Singapore Pte Ltd

Notifying Date:

21 February 2008

Summary of transaction:

PART 5
INFORMATION FOR THE CCS PUBLIC REGISTER
(TO BE COMPLETED BY THE APPLICANT(S)) 

The Applicants

Chartered Semiconductor Manufacturing Ltd
Hitachi Semiconductor Singapore Pte Ltd

Description of the merger

The notification is in relation to an acquisition of one hundred percent of the shares in the Target, which provides foundry services in the semiconductor foundry market.

The acquisition will not infringe the section 54 prohibition as the acquisition will not lead to a substantial lessening of competition in Singapore or any market. This is because, firstly, any resulting increase in market share of the Acquirer as a result of the acquisition will be negligible. Secondly, the market for the provision of foundry services is a very competitive one globally.

In short, the acquisition will allow the Acquirer to increase capacity in production in a highly competitive global market without impeding competitive processes in any market.

Relevant good(s) or service(s) involved

The relevant product is the provision of foundry services to semiconductor companies and Integrated Devices Manufacturers (“IDMs”) globally.

Decision:

The proposed merger, if carried into effect, will not infringe the section 54 prohibition.

Decision
Date:

23 March 2008
Click here for the decision