TSMC to break ground on solar cell factory by end of 2010

The company will spend US$218 million on the factory

Taiwan Semiconductor Manufacturing Company (TSMC) plans to break ground on its first solar cell factory before the end of this year, a company representative said Wednesday.

The board of directors at TSMC, the world's largest contract chip maker, have already approved US$218 million for the project.

Although TSMC's main business is chips, it has expanded into clean energy technology in recent years. In March, for example, the company broke ground on a $101.6 million factory and research center for LED (Light Emitting Diode) lighting in Hsinchu, Taiwan.

Solar cells create electricity from the radiation in sunlight. Using LED lighting saves electricity compared to standard incandescent bulbs.

TSMC's new solar cell factory will complement its investments in the solar area.

Last year, the chip maker bought a 20 percent stake in Motech Industries, a Taiwanese solar cell maker. TSMC followed up that purchase by signing a technology and supply agreement with San Jose, California's Stion Corporation, a producer of high-efficiency thin film solar photovoltaic modules. As part of that agreement, the companies will jointly develop Stion's technology and TSMC will manufacture solar modules for Stion

The TSMC representative declined to provide further details on the new solar cell factory beyond the ground breaking time frame.

He said the investment does not change TSMC's capital expenditure plan for this year, which the company set at $5.8 billion for its chip division and $100 million for new businesses, including solar. The $218 million intended for the solar cell factory will be spent over a time frame of more than just this year.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesenvironmentinvestmentsTaiwan Semiconductor Manufacturing Co.Stion Corporation

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Dan Nystedt

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?