The world’s largest foundry TSMC has announced on the last Saturday to initiate the construction of the thin solar cells plant this September.

TSMC Rick Tsai said the new plant focuses on the development of CIGS thin solar modules, this is another big move after bought 20% stake of Taiwan’s largest Solar manufacturing company Motech in January this year. Motech has been the world’s sixth biggest solar cells manufacturers in 2007.

In fact, the plant has begun to build in March this year, and plans to mass production in 2011.

Series of measures taken this year, TSMC positive to enter the field of solar energy, it not only the largest shareholder of Taiwan Motech, and in July it acquired 21% stake of U.S. PV company Stion, got the thin film solar battery manufacturing technology.

In addition, UMC, TSMC rival in the field of thin film solar market in front of TSMC, UMC, since 2005, create their own thin film solar company NexPower, and mass production.

Cai also said that TSMC over the next 12 months, an increase of at least 500 jobs in development of green energy business.

In addition, Taiwan’s largest manufacturers of solar wafers with Sino-American Silicon Products U.S. will also recruit in the next five years 2400-6000 will increase jobs.

Sino American President, Mr. Luo said that the total revenue of the merged company from January to June this year, according to the same period last year, compared with a growth of 80% and 2010 revenue is expected to be more 21 billion Taiwan dollars, the revenue for the company’s forecasts in 2015 will reach 600 to 650 billion.

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