Sino-American Silicon Products Inc. (ASA) said Tuesday it is planning to publicly list Texas-based subsidiary GlobiTech Inc. on the back of the unit's strong profitability and mentioned Taiwan as a possible target. SAS Chairman M.K. Lu said his company did not rule out having GlobiTech, a provider of silicon epitaxy products, launch a primary listing on the Taiwan Stock Exchange. Speaking at a ceremony launching GlobiTech's second plant, Lu said the U.S. unit is expected to deliver a return on equity (ROE) of 20 percent in 2010 and 35 percent in 2011, after turning a profit last year. SAS acquired financially troubled GlobiTech for US$45 million (NT$1.19 billion) in April 2008 and helped turned the company around to post net earnings of about US$1 million in 2009. Lu said GlobiTech is expecting net income of US$11 million on sales of US$72 million in 2010, and he predicted sales would rise to US$100 million in 2011. He said the company's sales per employee exceeded NT$20 million (US$669,482) , even higher than SAS's sales per employee of NT$10 million. According to Lu, because GlobiTech procures 90 percent of its silicon wafer needs from SAS, the acquisition had created synergies for both companies. GlobiTech President Doris Hsu said GlobiTech will serve as a 'golden key' for SAS to gain access to global buyers, as GlobiTech's customers include Texas Instruments, NXP Semiconductor and SoiTech Corp. 