U.S. PV project developer, SunEdisonInc (SUNE) announced on Monday that it has applied for semiconductor spin-off subsidiary ,SunEdisonSemiconductor raise up to $ 250 million, to focus on high-margin solar business. The company last month said it plans to sell IPO early next year through a newly formed subsidiary of a minority stake in the semiconductor, and the proceeds used to build solar farms.SunEdison formerly MEMC Electronic Materials, Inc., is the world's fourth largest semiconductor wafer manufacturers, because the price of solar panels continued weakness in the company and SunPower and other solar companies, like FirstSolar began developing solar farms.SunEdison's semiconductor business production of computers, mobile phones and credit cards used by the chip, the business in the second quarter has revenue of $ 239 million, accounting for about 60% of total revenue, its biggest customers include Samsung Electronics, TSMC and STMicroelectronics and so on.SunEdison cited market research firm Gartner's reports in the IPO application, that in 2012 the global commercial semiconductor silicon wafer market size is of about $ 9 billion, it is expected to in 2017 it will increase to approximately $ 12 billion. The company plans to SunEdisonSemiconductor's stock to "WFR" is a code listing, but did not disclose the planned listing of locations, but also plans to issue an undisclosed number of shares and the expected issue price. Deutsche Bank and Goldman Sachs will act as the lead underwriter for the offering.
