# GlobalWafers Names Micron Sole Subscriber for Up to $500 Million in Convertible Bonds

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/48446
Published: 2026-11-04T12:01:35.000Z
Updated: 2026-11-04T12:01:35.000Z
Section: Business

> The proposed domestic private placement would carry a 0.5% annual coupon over 10 years and accompany a planned 10-year silicon wafer supply agreement.

GlobalWafers’ board approved a plan on Nov. 3 to issue up to $500 million in convertible bonds, with Micron Technology as sole subscriber, pairing the financing with a 10-year wafer deal aimed at U.S. supply-chain resilience.

The proposed domestic private placement would consist of unsecured convertible bonds with a 10-year term and a 0.5% annual coupon. GlobalWafers plans to use the proceeds to support its U.S. business.

Under the planned 10-year supply agreement, GlobalWafers would provide Micron with advanced silicon wafers to support memory demand tied to artificial intelligence, high-performance computing and data centers. GlobalWafers said the arrangement is intended to strengthen the resilience of the U.S. advanced semiconductor materials supply chain.