Regional
Foundry giant enters the solar race
TSMC has
Taiwan Semiconductor Manufacturing Company and has in-house ingot and wafer capabilities
Limited (TSMC) and Motech Industries have and a majority investment in polysilicon
announced its
announced the signing of a share subscription production via advanced fluidized bed reactor
intention of
agreement, under which TSMC will subscribe technology. In addition, Motech is also Taiwan’s
through a private placement for 75.32 million leading provider of photovoltaic systems and
entering the
new Motech shares. photovoltaic inverters.
solar market
The total consideration is approximately Dr. Rick Tsai, President of TSMC New
NT$6.2 billion (US$193 million), or NT$82.7 per Businesses, said, “We are delighted to partner
with a
share, representing a 16.9% discount to with Motech in our pursuit of new opportunities
strategic buy
Motech’s 3-month average closing price. TSMC in the high-growth solar sector. With the
will become the largest shareholder of Motech investment, TSMC intends to leverage Motech’s
into one
with 20% shareholding through this investment. established platform to accelerate our time to
of Taiwan’s
The transaction is subject to Motech’s market, better evaluate opportunities along the
shareholders’ approval and regulatory approval. solar value chain, and further formulate our
largest
Motech was founded in 1981 as a designer overall solar strategy.”
solar cell
and manufacturer of test and measurement “TSMC’s investment affirms Motech’s
manufacturers.
instruments for the semiconductor industry. The competitive position in the solar industry,” said
company entered into solar cell production in Dr. Simon Tsuo, Chairman and CEO of Motech.
1999, and became a pioneer in the “TSMC’s technology leadership and global
42
manufacturing of single and multi-crystalline management expertise would add significant
silicon solar cells in Taiwan. value to Motech, as we strengthen supply chain
www
Today, the company is the largest solar cell integration and improve our operational
.eur manufacturer in Taiwan and one of the top ten efficiency. We plan to work closely with TSMC
oasiasemiconductor
manufacturers worldwide in terms of production to address new business opportunities. We
capacity and output in 2008. With believe this partnership would further enhance
manufacturing facilities in Taiwan and China, Motech’s leadership position in the solar
Motech pursues a vertical integration strategy industry.”
.com
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Issue VIII 2009
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