TSMC to acquire 20 percent stake in solar cell maker

Posted on Thursday, December 10 2009 @ 0:10 CET by Thomas De Maesschalck

TSMC announced it will acquire a 20 percent stake in solar cell maker Motech:

Foundry chipmaker Taiwan Semiconductor Manufacturing Co. Ltd. (Hsinchu, Taiwan) has said it will pay NT$6.2 billion (about $192 million) for a 20 percent stake in Motech Industries Inc. (Tainan, Taiwan).

Motech is the largest solar cell manufacturer in Taiwan and was one of the top ten manufacturers worldwide in terms of production capacity and output in 2008.

The move is in-line with TSMC's previously announced intention to extend its operations into solar power and LED manufacturing.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments

Share this story!