GlobalWafers Co. says greater market share can be achieved in the silicon-wafer market after the Taiwanese supplier to chipmakers agreed to buy SunEdison Semiconductor Ltd. (Nasdaq: SEMI) for $683 million including debt, adding new customers and production facilities.

The two companies currently have a combined 17 percent market share -- making it the world’s third largest silicon-wafer maker -- and 20 percent is within reach, chairwoman and chief executive officer Doris Hsu said in an interview on Thursday. She expects the industry to grow 4 to 6 percent in 2017.

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