Green Energy Technology Inc (綠能科技), the nation’s top solar wafer maker, yesterday said it would form a venture with two other local firms — solar cell maker Motech Industries Inc (茂迪) and polysilicon supplier Taiwan Polysilicon Corp (福聚太陽能) — to produce solar wafers in the country.
The deal follows an announcement on Friday by local solar wafer maker Sino-American Silicon Products Inc (中美晶) that it had formed a strategic alliance with local solar cell maker Solartech Energy Corp (昇陽光電) via a share swap to boost their cost competitiveness.
In December, the two firms formed a NT$2 billion (US$67.8 million) joint venture in Taichung to produce solar products from polysilicon to solar cells.
Green Energy said in a statement to the stock exchange that the latest cooperation aims “to strengthen vertical integration in the solar industry and create synergy.”
Motech is a 20 percent shareholding of the world’s top contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電).
The announcement also came amid rising concerns over tight supply of polysilicon, a key raw material in producing solar wafers. Green Energy expects a short supply of high-quality polysilicon through 2020, citing research by OCI Analysis.
The venture, with an initial investment of NT$1 billion, would make polysilicon solar wafers and develop related technologies, the statement said.
Green Energy and Motech each would hold a 30 percent stake in the new entity, while Taiwan Polysilicon would own 10 percent, according to the statement.
Shares of Green Energy soared 2.72 percent to NT$151 yesterday after a report by the Chinese-language Commercial Times on the three-way venture.The share price of Motech slid 1.26 percent to NT$117.50.
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
UNCERTAINTIES: Exports surged 34.1% and private investment grew 7.03% to outpace expectations in the first half, although US tariffs could stall momentum The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its GDP growth forecast to 3.05 percent this year on a robust first-half performance, but warned that US tariff threats and external uncertainty could stall momentum in the second half of the year. “The first half proved exceptionally strong, allowing room for optimism,” CIER president Lien Hsien-ming (連賢明) said. “But the growth momentum may slow moving forward due to US tariffs.” The tariff threat poses definite downside risks, although the scale of the impact remains unclear given the unpredictability of US President Donald Trump’s policies, Lien said. Despite the headwinds, Taiwan is likely
READY TO BUY: Shortly after Nvidia announced the approval, Chinese firms scrambled to order the H20 GPUs, which the company must send to the US government for approval Nvidia Corp chief executive officer Jensen Huang (黃仁勳) late on Monday said the technology giant has won approval from US President Donald Trump’s administration to sell its advanced H20 graphics processing units (GPUs) used to develop artificial intelligence (AI) to China. The news came in a company blog post late on Monday and Huang also spoke about the coup on China’s state-run China Global Television Network in remarks shown on X. “The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the post said. “Today, I’m announcing that the US government has approved for us
The National Stabilization Fund (NSF, 國安基金) is to continue supporting local shares, as uncertainties in international politics and the economy could affect Taiwanese industries’ global deployment and corporate profits, as well as affect stock movement and investor confidence, the Ministry of Finance said in a statement yesterday. The NT$500 billion (US$17.1 billion) fund would remain active in the stock market as the US’ tariff measures have not yet been fully finalized, which would drive international capital flows and global supply chain restructuring, the ministry said after the a meeting of the fund’s steering committee. Along with ongoing geopolitical risks and an unfavorable
RSS