EE Times reports TSMC is planning to form subsidiaries to accomplish its solar and LED product plans. The company's first crystalline silicon PV modules will carry the TSMC Solar brand, they will be available soon in Germany and other key European countries. Commercial production of TSMC's LED products is expected to commence in the second half of 2011.
TSMC has also approved an additional capital injection of $5 million into TSMC Solar North America. The board also approved capital appropriations of $2.9 billion for capacity expansion and fab construction.
“As part of TSMC’s strategic planning, the board of directors is also considering the formation of two wholly-owned subsidiaries for solar and LED businesses,” said Lora Ho, senior vice president and chief financial officer for TSMC, in a statement.
As reported, TSMC took separate steps into the solar and LED fronts in 2009. TSMC will sell these products under its own brand name-which is a big departure from its foundry strategy.
TSMC has made strategic investments and formed partnerships with thin-film solar vendor Stion Corp. and crystalline silicon PV manufacturer Motech Industries.