Green Energy Technology Inc (
Green Energy made the statement in a filing to the Taiwan Stock Exchange amid speculation that E-ton, the nation's second-largest solar cell maker, has shifted its orders to a rival manufacturer, Wafer Works Corp (
E-ton said in a separate filing to the Taiwan Stock Exchange yesterday that its operation was not affected by the accident as it sources only a small portion of its raw materials from Green Energy.
E-ton said it still has sufficient inventory for production, the statement read.
On Sunday, a furnace at Green Energy's factory in Taoyuan County exploded at about 2pm, killing two workers.
Green Energy said the accident has had little impact on its operation and capacity. Apart from one damaged furnace, the other 25 furnaces are operating normally, it said.
The company did not say how long the authorities' investigation into the accident would take. However, it said it would deliver its orders on time, the statement read.
Founded in 2004, Green Energy started cmass production in May last year, with annual production capacity of multicrystalline silicon wafers now reaching 60 megawatts.
Its parent company Tatung Co (
Shares of Green Energy closed at NT$253 (US$7.73) on the Emerging Stock Market (
Shares of Tatung were up 0.33 percent at NT$15.20 on the Taiwan Stock Exchange.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
An earnings report from semiconductor giant and artificial intelligence (AI) bellwether Nvidia Corp takes center stage for Wall Street this week, as stocks hit a speed bump of worries over US federal deficits driving up Treasury yields. US equities pulled back last week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government’s US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5 percent and hitting its highest level since late 2023. Stocks were dealt another blow on Friday when US President Donald
Industrial production expanded 22.31 percent annually last month to 107.51, as increases in demand for high-performance computing (HPC) and artificial intelligence (AI) applications drove demand for locally-made chips and components. The manufacturing production index climbed 23.68 percent year-on-year to 108.37, marking the 14th consecutive month of increase, the Ministry of Economic Affairs said. In the first four months of this year, industrial and manufacturing production indices expanded 14.31 percent and 15.22 percent year-on-year, ministry data showed. The growth momentum is to extend into this month, with the manufacturing production index expected to rise between 11 percent and 15.1 percent annually, Department of Statistics