Monday, September 28, 2009
A South Korean leather goods manufacturer plans to buy from Hynix Semiconductor the closed DRAM plant here with plans to turn it into the largest solar cell producer in the United States. The move comes at a time when analysts say the solar market has too much capacity and prices are falling for solar panels.
Uni-Chem will buy the plant from Hynix for $50 million in a deal expected to close in October, according to a report from the Associated Press. Uni-Chem could spend up to $1 billion to retrofit the plant to produce a gigawatt of cells per year, according to a report in the Register Guard newspaper in Eugene.
Under the plan which is still in development, the plant would be operational in 2011. The move marks an effort by Uni-Chem to diversify into electronics.
Hynix closed the 200mm DRAM plant in July 2008 after it determined it would be too costly to upgrade it to 300mm wafers. Earlier this year, Centron Solar, a solar panel distributor with ties to several solar cell makers in China, set up an office here with plans to set up regional module assembly sites.
By: DocMemory
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