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UMC to enter solar cell business in collaboration with Ulvac
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Written by Gizmo   
Monday, 26 March 2007 13:51

EETimes

Yoshiko Hara

United Microelectronics Corp. (UMC) has decided to enter into the rapidly growing solar cell market and Ulvac Inc. will provide the firm with thin film solar cell production facilities and technical supports to get the ball rolling, the two companies announced on Friday (March 23).

Read the full story at EETimes:

To launch the photovoltaic business, UMC established NexPower Technology Corp. in November 2005 with NT$800 million (about $24 million).

"Today's signing ceremony means that UMC group decided to enter the solar cell market," said John Hsuan, honorable vice chairman of UMC. "Once UMC makes a decision, it's the basic policy to establish the business as quickly as possible."

Hsuan said UMC gave Semi Wang, NexPower president and CEO, full responsibility for the business launch.

NexPower will invest about NT$2 billion (roughly $60 million) this year to build a production plant in Hsinchu, Taiwan. The venture is scheduled to begin production of thin film amorphous silicon solar cells in the first quarter of 2008. The plant's start up capacity will be 12.5 megawatts per year.

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