Taiwan Semiconductor Manufacturing Company (TSMC) plans to become a top five photovoltaic (PV) solar company globally by 2016 and ramp up CIGS module capacity to 1GWp. The company broke ground for its CIGS thin-film plant in September 2010.

TSMC expects the cost of CIGS to come down once volume production starts. The PV solar market is estimated to expand by a 23% CAGR between 2009 and 2015, and the CIGS segment will grow by a 115% compounded rate over the same period.

TSMC will invest NT$7.92 billion (US$174 million) in the first quarter of 2011. The company plans to produce 200MWp in 2012, and ultimately ramp up capacity to 700MWp.

TSMC chairman Morris Chang had previously noted that he aims for the solar business to represent 10% of overall revenues by 2015.

By 2013, TSMC's CIGS modules will offer conversion rates of 14% and up to 16% in 3-5 years.

By: DocMemory
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