World's Largest Semiconductor Foundry Puts $50 Million Into California Solar Firm
Thursday, June 17th 2010 7:17 PM
By GetSolar Staff.
Taiwan Semiconductor Manufacturing Company (TSMC), the globe's largest independent semiconductor foundry, announced today that it will invest $50 million into the California-based solar manufacturer Stion.
Stion is a leading maker of cutting-edge thin-film solar panels, which are increasing in popularity because of the relatively low cost and simple manufacturing process for thin-films.
Stion will license and transfer its thin-film CIGSS technology to the Taiwanese chip maker, and TSMC will export solar modules back to Stion. The two companies will collaborate on developing and improving the technology.
"Working with Stion, TSMC gains a robust thin film technology with inherent low cost structure. With TSMC's R&D capabilities and manufacturing expertise, we believe we can achieve long-term overall leadership in solar PV solutions, and we are happy to be able to contribute to a greener economy," said TSMC President of New Businesses Rick Tsai.
The $50 million investment, which represents a 21 percent stake in Stion, will take place through VentureTech Alliance, a venture capital subsidiary of TSMC. In many ways, the deal represents the new face of solar R&D - Stion was founded in 2006 with venture capital backing, and is now expanding its reach through international ventures.
With solar power showing its benefits around the country, more ground-mounted and rooftop solar systems are being constructed for companies to take advantage of its perks. Rebates ...
Dow Solar recently expanded the availability of its Solar Shingle to homeowners in northern California.The Dow Solar Powerhouse Solar Shingle is a complete roofing system that prot ...
The city of Claremont, California, was recently honored for its numerous efforts to increase environmental standards and practices. The California Green Communities program honored ...
Two Manhattan Beach, California, schools were recently nominated for the new federal Green Ribbon Schools Award.The Environmental Charter High School and Grand View Elementary Scho ...
Subscribe
Taiwan Semiconductor Manufacturing Company (TSMC), the globe's largest independent semiconductor foundry, 
