Taiwan's Inventec to invest $95 million in solar cell

Sep 29, 2010
Inventec Corp., a leading Taiwanese contract notebook computer maker, has said it will invest at least 3 billion Taiwan dollars (95 million US) to set up a solar cell unit.

Inventec Corp., a leading Taiwanese contract notebook computer maker, said on Wednesday it will invest at least 3 billion Taiwan dollars (95 million US) to set up a solar cell unit.

The company said in a statement it established the new unit to diversify its business and stimulate growth as profit margins in the contract computer-making sector have kept narrowing.

Inventec is among a string of Taiwanese high-tech firms that have ventured into solar energy, an area expected to see rapid expansion in coming years as global warming concerns prompt a search for alternative to fossil fuels.

Chip giant Co. (TSMC) announced last year an investment of about 192 million US dollars for a 20-percent stake in Motech Industries Inc., the island's largest producer of .

TSMC, the world's top contract maker by revenue, this year invested another 50 million US dollars in an American solar-panel maker.

Taiwan has estimated its solar energy industry to be worth up to 200 billion Taiwan dollars by 2020

Explore further: Intel wireless charging in a bowl coming sooner than later

add to favorites email to friend print save as pdf

Related Stories

Taiwan chip giant TSMC to enter solar energy

Dec 10, 2009

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.

Taiwan's TSMC to invest over $9 billion in plant

Jul 16, 2010

Taiwan Semiconductor Manufacturing Co., the world's largest contract microchip maker, said Friday it would invest more than nine billion US dollars building a new plant on the island.

Taiwan Semiconductor profits soar

Jan 28, 2010

Taiwan Semiconductor Manufacturing Co said Thursday net profits in the three months to December more than doubled from a year earlier due to strong demand for computer application chips.

Recommended for you

Team improves solar-cell efficiency

Sep 19, 2014

New light has been shed on solar power generation using devices made with polymers, thanks to a collaboration between scientists in the University of Chicago's chemistry department, the Institute for Molecular ...

Calif. teachers fund to boost clean energy bets

Sep 19, 2014

The California State Teachers' Retirement System says it plans to increase its investments in clean energy and technology to $3.7 billion, from $1.4 billion, over the next five years.

Idealistic Norwegian sun trappers

Sep 19, 2014

The typical Norwegian owner of a solar heating system is a resourceful man in his mid-fifties. He is technically skilled, interested in energy systems, and wants to save money and protect the environment.

User comments : 0