TSMC is exiting solar by the end of the month.
Steve Tsu, chairman of TSM Solar, says the company couldn’t turn a profit with its solar manufacturing and that even the most aggressive cost-reduction plan wouldn’t make the solar subsidiary viable.
“TSMC continues to believe that solar power is an important source of green energy and that solar module manufacturing remains a robust and growing industry,” says Tsu. “But despite six years of hard work, we have not found a way to make a sustainable profit.”
The company will offer alternative jobs to employees working at its Taichung solar factory which is to close, said Tsu.
TSMC manufactured photovoltaic modules based on copper indium gallium diselenide (CIGS) material.
from News http://ift.tt/1fFiXnl
via Yuichun
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