Green Energy Technology Inc (綠能科技) yesterday said it plans to increase prices next month as a supply glut eases, and hopes to return to profit in the fourth quarter.
“We are in talks with clients to raise solar wafer prices gradually from next month as demand is growing to match supply,” Green Energy spokesperson Christine Chen (陳婷婷) said.
The company expects a 5 percent increase in prices during the remaining months of the year, Chen said.
Coupled with further cost reductions, Green Energy hopes the price increases would help its solar wafer business return a profit in the fourth quarter, president Swean Lin (林士源) told reporters on the sidelines of the company’s annual general meeting.
It would be the company’s first profitable quarter after five years of losses, excluding depreciation costs and asset impairment losses from its thin-film solar wafer business.
Green Energy plans to terminate the business at the end of this year.
Green Energy posted losses of NT$2.07 billion last year, compared with NT$2.39 billion in 2013.
Prices of polysilicon solar wafers are expected to pick up next month due to rising demand from China, Taipei-based market researcher TrendForce Corp (集邦科技) said last week.
Prices fell 5.7 percent sequentially in the first quarter, it said.
Green Energy aims to ship between 2.5 gigawatts and 3 gigawatts of solar wafers this year, compared with last year’s 2.22 gigawatts, Lin said.
The company also expects the industry’s recovery to extend into next year.
Chen said the market would likely face a shortage of high-
efficiency solar wafers next year, with no new production capacity in sight, while global demand is on the rise.
Green Energy also plans to raise prices of its solar cell modules by 5 percent, she said.
Solar cell modules are expected to account for up to 40 percent of Green Energy’s shipments next month, compared with 30 percent this month, the company said.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
TECH RACE: The Chinese firm showed off its new Mate XT hours after the latest iPhone launch, but its price tag and limited supply could be drawbacks China’s Huawei Technologies Co (華為) yesterday unveiled the world’s first tri-foldable phone, as it seeks to expand its lead in the world’s biggest smartphone market and steal the spotlight from Apple Inc hours after it debuted a new iPhone. The Chinese tech giant showed off its new Mate XT, which users can fold three ways like an accordion screen door, during a launch ceremony in Shenzhen. The Mate XT comes in red and black and has a 10.2-inch display screen. At 3.6mm thick, it is the world’s slimmest foldable smartphone, Huawei said. The company’s Web site showed that it has garnered more than
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
PARTNERSHIPS: TSMC said it has been working with multiple memorychip makers for more than two years to provide a full spectrum of solutions to address AI demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it has been collaborating with multiple memorychip makers in high-bandwidth memory (HBM) used in artificial intelligence (AI) applications for more than two years, refuting South Korean media report's about an unprecedented partnership with Samsung Electronics Co. As Samsung is competing with TSMC for a bigger foundry business, any cooperation between the two technology heavyweights would catch the eyes of investors and experts in the semiconductor industry. “We have been working with memory partners, including Micron, Samsung Memory and SK Hynix, on HBM solutions for more than two years, aiming to advance 3D integrated circuit
RSS