Asia Express - Computing
TSMC, Stion Team Up for Solar Business
June 18, 2010
TSMC announced on June 16, 2010 that it will form a partnership with US-based Stion to develop thin-film solar photovoltaic technology, according to the Commercial Times of Taiwan. Stion is a manufacturer of thin-film solar photovoltaic modules, and it is reported that the two companies have reached agreements on technology licensing, production supply, and joint development. Under the agreements, Stion will license and transfer its thin-film CIGS (Copper Indium Gallium Selenide) technology to TSMC, and TSMC will provide solar modules to Stion based on this technology. It is expected that TSMC will acquire a 21% stake in Stion by investing US$50 million through its own affiliate, VentureTech Alliance.