Taiwan's Inventec Sets up Solar Cell Unit

Sept. 29, 2010
The country has estimated its solar energy industry to be worth up to 200 billion Taiwan dollars by 2020.

Inventec Corp., a leading Taiwanese contract notebook computer maker, said on Sept. 29 that it will invest at least 3 billion Taiwan dollars (US$95 million) to set up a solar cell unit.

The company said it established the new unit to diversify its business and stimulate growth as profit margins in the contract computer-making sector have kept narrowing.

Inventec is among a string of Taiwanese high-tech firms that have ventured into solar energy, an area expected to see rapid expansion in coming years as global warming concerns prompt a search for alternative to fossil fuels.

Chip giant Taiwan Semiconductor Manufacturing Co. (TSMC) announced last year an investment of about $192 million for a 20% stake in Motech Industries Inc., the island's largest producer of solar cells.

TSMC, the world's top contract microchip maker by revenue, this year invested another $50 million in an American solar-panel maker.

Taiwan has estimated its solar energy industry to be worth up to 200 billion Taiwan dollars by 2020.

Copyright Agence France-Presse, 2010

Popular Sponsored Recommendations

What Does Agility Look Like for Today's Auto Industry?

Dec. 4, 2023
Without modern technologies, enterprises aren't able to fully analyze the risks and respond to ongoing supply chain issues and semiconductor shortages.

Goodridge Boosts Productivity & Saves Costs by Moving to the Cloud!

Dec. 4, 2023
With Infor's cloud solutions, Goodridge has been able to greatly increase overall productivity, cost savings, data visibility, and automation. This case study discusses the many...

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!