Monday, February 18, 2008
Japan's Sharp Corp, fighting to remain the top maker of solar cells, will develop tools to make solar cells with Tokyo Electron Ltd amid growing demand for clean energy.
Sharp, which is building a 100 billion yen ($925 million) factory for thin-film solar cells, and rivals such as Germany's Q-Cells are vying to boost the production capacity of solar cells as silicon supplies tighten.
Tokyo Electron said on Monday the two firms will establish a joint venture to develop production equipment for thin-film solar cells, which use less silicon than conventional solar cells. Tokyo Electron will produce and sell the equipment starting in 2009.
The venture will be capitalised at 50 million yen, with 51 percent held by Tokyo Electron, the world's No. 2 chip equipment maker after Applied Materials Inc Sharp will take the remaining 49 percent.
By: DocMemory
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