https://apnews.com/f2d42050e85365e496c038c2e814954f

TAIPEI, Taiwan (AP) — GlobalWafers Co., which supplies silicon wafers to semiconductor manufacturers, says it will invest $3.6 billion in facilities in Asia, the United States and Europe after its attempt to acquire Germany’s Siltronic AG failed.

Sunday’s announcement comes amid shortages of processor chips and other semiconductors that are disrupting auto manufacturing, smartphone and other industries. Producers are announcing plans to expand output, which will boost demand for wafers.