Solar cell maker Gintech Energy Corp (昱晶能源) yesterday saw its share price outperform its local peers in Taipei trading following an announcement on Wednesday that it had signed a contract with ReneSola Singapore Pte Ltd to secure its solar wafer supply.
The contract would give Gintech a stable supply of up to 5.25 million megawatts of solar wafers over the next six years, the company said in a filing to the stock exchange.
The contract will take effect in July and run through June 2014, Gintech said in the filing. The company did not disclose the financial terms of the deal.
The recently announced deal is the third of its kind that Gintech has signed in the past one year to secure its polysilicon wafer supply. The competition to secure wafer supply among solar cell makers has intensified in the past few years, after governments and utility regulators around the world began to promote the use of alternative energy to replace fossil fuels.
In August last year, Gintech secured ample material supply from MEMC Electronic Materials Inc, before it signed another contract with Chinese supplier LDK Solar Co (江西賽維) earlier this year.
Gintech is expected to boost its annual solar cell production capacity to 560 megawatts by the end of this year and to approximately 1 gigawatt by the end of 2010, after completing its equipment installation at its second plant at Hsinchu Science Park (新竹科學園區) in August next year, the company said last month.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
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Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
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