Neo Solar Power Corp (新日光) yesterday said it recently secured an order to supply 300-megawatt solar modules to a client, thanks to positive synergy from its acquisition of local rival DelSolar Co (旺能光電).
The merger between Neo Solar and DelSolar was officially completed yesterday.
The acquisition has boosted Neo Solar’s solar cell capacity to 2 gigawatts a year, making it the nation’s biggest solar cell maker, overtaking Motech Industries Inc (茂迪).
The deal has also pushed up Neo Solar’s global ranking to No. 2, the company said.
“The merger has increased our production scale. As a result, we can serve more [big] customers with our annual capacity of 2 gigawatts,” Neo Solar chairman Quincy Lin (林坤禧) said in a statement.
“Neo Solar has received substantial orders to supply solar cells and solar modules in the second quarter. Our [order] visibility extends into the third quarter,” Lin said. “We expect operations will improve as selling prices are rising stably.”
Due to growing demand from Chinese customers because of the solar disputes between China and the EU, solar cell shipments from Taiwanese companies could grow by about 30 percent this quarter to 2,083 megawatts from 1,593 megawatts last quarter, Market Intelligence & Consulting Institute (MIC, 產業情報研究所) said on Thursday.
Prices for solar cell prices are expected to rise to US$0.41 per watt this quarter, from US$0.37 per watt in the first quarter, the Taipei-based MIC said.
Neo Solar said its solar module capacity also expanded to 240 megawatts a year following the merger with DelSolar.
The synergy has also boosted its pricing power in purchasing raw materials, meaning a significant reduction in raw material cost, the company said.
Separately, Neo Solar’s shareholders approved a proposal to sell 150 million common shares in the form of global depositary receipts in the second half of the year.
The company said it planned to use the proceeds to replenish operation funds and to repay bank loans.
Neo Solar shares dropped 0.19 percent to NT$25.6 yesterday, while the stock price of Motech plummeted 1.38 percent to NT$42.90.
WEAKER ACTIVITY: The sharpest deterioration was seen in the electronics and optical components sector, with the production index falling 13.2 points to 44.5 Taiwan’s manufacturing sector last month contracted for a second consecutive month, with the purchasing managers’ index (PMI) slipping to 48, reflecting ongoing caution over trade uncertainties, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The decline reflects growing caution among companies amid uncertainty surrounding US tariffs, semiconductor duties and automotive import levies, and it is also likely linked to fading front-loading activity, CIER president Lien Hsien-ming (連賢明) said. “Some clients have started shifting orders to Southeast Asian countries where tariff regimes are already clear,” Lien told a news conference. Firms across the supply chain are also lowering stock levels to mitigate
Six Taiwanese companies, including contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), made the 2025 Fortune Global 500 list of the world’s largest firms by revenue. In a report published by New York-based Fortune magazine on Tuesday, Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), ranked highest among Taiwanese firms, placing 28th with revenue of US$213.69 billion. Up 60 spots from last year, TSMC rose to No. 126 with US$90.16 billion in revenue, followed by Quanta Computer Inc (廣達) at 348th, Pegatron Corp (和碩) at 461st, CPC Corp, Taiwan (台灣中油) at 494th and Wistron Corp (緯創) at
NEGOTIATIONS: Semiconductors play an outsized role in Taiwan’s industrial and economic development and are a major driver of the Taiwan-US trade imbalance With US President Donald Trump threatening to impose tariffs on semiconductors, Taiwan is expected to face a significant challenge, as information and communications technology (ICT) products account for more than 70 percent of its exports to the US, Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) president Lien Hsien-ming (連賢明) said on Friday. Compared with other countries, semiconductors play a disproportionately large role in Taiwan’s industrial and economic development, Lien said. As the sixth-largest contributor to the US trade deficit, Taiwan recorded a US$73.9 billion trade surplus with the US last year — up from US$47.8 billion in 2023 — driven by strong
ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip assembly and testing service provider, yesterday said it would boost equipment capital expenditure by up to 16 percent for this year to cope with strong customer demand for artificial intelligence (AI) applications. Aside from AI, a growing demand for semiconductors used in the automotive and industrial sectors is to drive ASE’s capacity next year, the Kaohsiung-based company said. “We do see the disparity between AI and other general sectors, and that pretty much aligns the scenario in the first half of this year,” ASE chief operating officer Tien Wu (吳田玉) told an
RSS