Taiwan chip giant TSMC to enter solar energy

Dec 10, 2009
Multi-crystaline solar cells create energy from sunlight at a test facility in Golden, Colorado. Chip giant Taiwan Semiconductor Manufacturing is planning its first foray into solar energy with an investment in the island's largest producer of solar cells, a spokesman said Thursday.

Chip giant Taiwan Semiconductor Manufacturing Co. is planning its first foray into solar energy with an investment in the island's largest producer of solar cells, a spokesman said Thursday.

TSMC, the world's leading contract microchip maker by revenue, intends to pay 6.2 billion Taiwan dollars (192 million dollars) for 20 percent in Motech Industries Inc., making it the largest shareholder.

"We believe the sector offers high growth opportunities," said TSMC spokesman J. H. Tzeng.

As growth in the semiconductor business slows, TSMC and other companies in the sector hope to find new ways of making money, and is one area expected to see rapid expansion in the coming years.

"With this investment we intend to leverage Motech's established platform to accelerate our time to market, better evaluate opportunities along the solar value chain, and further formulate our overall solar strategy," he told AFP.

Motech was established in 1981 as a maker of test instruments, but started making solar cells in 1999.

"We plan to work closely with TSMC to address new business opportunities," Motech CEO Simon Tsuo said in a statement.

"We believe this partnership would further enhance Motech’s leadership position in the ."

Taiwan plans to boost its use of solar panels by a factor of 200 over the next decade and a half in an effort to increase clean energy, the island's Bureau of Energy said last week.

Solar panels across the island currently have a capacity of five megawatts, enough to power 500 buildings, but by 2025 that figure is targeted to rise to 1,000 megawatts, according to the bureau.

(c) 2009 AFP

Explore further: Renewable energy companies use new clout in statehouses

add to favorites email to friend print save as pdf

Related Stories

Taiwan plans massive growth in solar energy

Dec 04, 2009

Taiwan plans to boost its use of solar panels by a factor of 200 over the next decade and a half in an effort to increase clean energy, a ranking official said Friday.

Californians bask in solar energy

Jan 04, 2007

Soaring energy costs, environmental consciousness and financial incentives have combined to make solar panels part of the California housing landscape.

Recommended for you

Renewable energy companies use new clout in statehouses

Dec 24, 2014

Earlier this year, Ohio became the first state to freeze a scheduled increase in the amount of electricity that must be generated by wind, solar and other renewable sources. The move gave advocates of repealing states' mandatory ...

America's place in the sun: Energy report sets goal

Dec 24, 2014

A recent energy report said that America should build on the recent growth in solar energy by setting a goal of obtaining at least 10 percent of its electricity from solar power by 2030. "Star Power: The ...

Nevada, feds to study nuke-waste burial in state

Dec 23, 2014

Nevada and the federal government are agreeing to have a panel keep studying whether the U.S. will bury radioactive material from Tennessee at a former nuclear weapons proving ground north of Las Vegas.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.