Chip maker TSMC buys stake in solar cell maker Motech

The chip giant will pay US$193 million for a 20 percent stake in Motech

Taiwan Semiconductor Manufacturing (TSMC) bought a 20 percent stake of solar cell maker Motech Industries for NT$6.2 billion (US$193 million), the companies said in a joint statement on Wednesday.

Motech, Taiwan's largest maker of solar cells, the key component of solar panels and solar modules, will become a key part of TSMC's move into green industries through the investment.

The two companies will work together on new business ventures, and TSMC will work with Motech to launch new products faster and evaluate other opportunities in the solar business, the companies said.

TSMC is the world's largest contract chip maker. The company as well as other chip makers work with the same polysilicon material used for solar cells and believe they have an edge in the industry due to materials research as well as expertise in manufacturing and management.

TSMC revealed a plan earlier this year to open a new business related to energy conservation, including the solar and LED industries. The company invested US$46 million earlier this year to open a LED (light-emitting diode) production line in central Taiwan, a move investment bank Credit Suisse called a first step into the LED lighting business.

At TSMC's second-quarter earnings conference, Chairman and CEO Morris Chang said the solar and LED will likely generate revenue as high as US$10 billion to $15 billion for TSMC by 2018.

Governments worldwide, including Germany and the U.S. state of California, have offered incentives for people to use solar panels due to rising oil prices.

The solar and other energy alternative industries are also being nurtured by governments such as the U.S. with stimulus money meant to battle the global recession.

Tags solartsmcMotech Industries

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

Dan Nystedt

IDG News Service

Comments

Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?