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AUO and SunPower with joint venture in Malaysia

Hsinchu City, Taiwan - AU Optronics announces a joint venture to construct and operate a solar cell manufacturing facility in Malaysia with SunPower.

The strategic alliance with SunPower is AUO's latest endeavor in the solar business since the acquisition of over 50% the shareholding of M.Setek, a Japanese supplier of upstream polysilicon and wafers. The collaboration should establish a new solar business model featuring cost efficiency and leading technology in the development of high efficiency solar cells. Meanwhile, by means of cooperation with SunPower in continuous process improvement, production and management, AUO will be able to produce more innovative products with higher conversion rates to better serve its customers.

The joint investment in Malaysia will be US$700 million. AUO and SunPower will each contribute US$350 million over several installments, owning 50% of the shareholding respectively.



Source: IWR Online, 31 May 2010

 


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