Motech Industries Inc (茂迪), the nation's biggest solar cell maker, said yesterday it has expanded its research and development (R&D) unit into an R&D center this month to upgrade its core competence amid fierce competition in the dynamic industry.
The R&D center's aim is to develop second-generation solar cell manufacturing technology and improve the manufacturing process to enhance the energy conversion rate to 20 percent in three years, Motech said in a filing to the Taiwan Stock Exchange yesterday.
The center is also tasked with advancing the efficiency of upstream semiconductor production, which should help to reduce Motech's material costs.
To reach these goals, Motech would seek strategic alliances with local or foreign enterprises or research institutions, the Taipei-based company said.
The center is headed by Lin Chih-tao (
Shares of Motech rose 3.06 percent to NT$371 (US$11.30) yesterday, while those of rival E-ton Solar Tech Co (益通光能) were up almost 7 percent to NT$374.50.
Shares of solar cell-related stocks continue to rise on the world trend to develop better renewable energy. The rebound in prices of solar panels this month also gave a boost to solar-cell related shares.