TSMC moves into the green energy market

Taiwan Semiconductor Manufacturing Co. (TSMC) has acquired a 21% stake in U.S. thin-film solar cell maker Stion on June 16.

The new deal underscores TSMC`s aggressive move into the green energy market, including solar energy and LEDs. The initiative is being orchestrated by the company’s green-energy division under Rick Tsai, the leadership of TSMC`s former CEO.

Stion has offered license and transfer its CIGS technology to TSMC for the establishment of a solar cell plant. TSMC will reserve a certain share of the plant’s output in return.

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