Like GlobalWafers’ $5 billion Texas project—which is benefitting from government support under the U.S. CHIPS and Science Act approved by Congress last year, an attraction for Sino-American in the U.S. solar business is government policy. The Inflation Reduction Act, also approved by Congress last year, includes new incentives for solar installations, Hsu predicted.
Hsu’s solar and silicon wafer businesses had a good year in 2022. Sino-American’s revenue rose by 18.9% to a record NT$81.9 billion, or about $2.7 billion. Of that, solar revenue gained 34.5% to NT$10.3 billion. GlobalWafers contributed nearly 90% to Sino-American's revenue, but solar grew faster. The close business relationship between the U.S. and Taiwan needs to be better recognized, Wylegala said. “I don't think it gets enough attention and credit for just how solid, mutually productive, and profitable it is,” he said. “It's a strong relationship in trade and investment, in technology and strategic partnering, and in the fundamental strengths that Taiwan offers in terms of economic freedom, the rule of law and vibrant democracy," he said.
No.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silicon Valley layoffs go from bad to worse | CNN BusinessShortly before Thanksgiving, Amazon CEO Andy Jassy confirmed rumors that layoffs had begun in multiple departments at the e-commerce giant and said it would review staffing needs into the new year. We're very worried about the news of SamanYasin, a peaceful protester who's being tortured by the dictatorial Islamic Republic. He was tortured and beated up again. His nose was broken during his torture and he can barely breath and doesn’t stop bleeding. Please Be His Voice! H We're very worried about the news of SamanYasin, a peaceful protester who's being tortured by the dictatorial Islamic Republic. He was tortured and beated up again. His nose was broken during his torture and he can barely breath and doesn’t stop bleeding. Please Be His Voice! M If the Dems hadn't shut down the economy, driving the public to shop online, there wouldn't be thousands of high tech layoffs now.
Source: CNN - 🏆 4. / 95 Read more »
Turkish minister calls for enhanced tech ties with Silicon Valley companiesTürkiye to implement programs that will accelerate ties with the US in both scientific and business areas, says Industry and Technology Minister Mustafa Varank after meeting with Google, Tesla executives
Source: trtworld - 🏆 101. / 63 Read more »
CUSTOMIZED SEO HEADLINE WITH YOUR COMPANIES GOES HERE - Silicon Valley Business JournalThe stock market finished 2022 on a down note, but there were some exceptions. Here's how local companies performed and what to expect for 2023.
Source: svbizjournal - 🏆 334. / 59 Read more »