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

The Taiwanese solar energy industry is estimated to be worth up to 200 bln Taiwan dollars by 2020
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


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(c) 2010 AFP

Citation: Taiwan's Inventec to invest $95 million in solar cell (2010, September 29) retrieved 28 November 2020 from https://phys.org/news/2010-09-taiwan-inventec-invest-million-solar.html
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