Taiwan’s Biggest Silicon Wafer Maker Eyes U.S. Solar Industry Investment

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“I believe that in the next several years, the U.S. solar market will be booming,” GlobalWafers CEO Doris Hsu says

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U.S. solar capacity installed in 2021 before last year’s supply chain woes exceeded 20 gigawatts, she said. “I think this will go up to 50 gigawatts in the next several years,” she said. Hsu believes demand will get a boost from larger companies such as Apple, who are asking suppliers to provide green solutions. Spending on solar will also get a lift from continued improvements in the performance of solar technology, such as bigger cells that improve efficiency.

New projects by Taiwan Semiconductor Manufacturing and Hon Hai Precision, the iPhone manufacturer that last year joined a $55 million electric light-duty truck joint venture in Ohio with Lordstown Motors, suggest larger room for Taiwan suppliers to invest in the U.S., American Chamber of Commerce in Taiwan President Andrew Wylegala said in an interview in Taipei in November.

Sino-American was founded in 1981 in the newly opened Hsinchu Science Park in Taiwan; it remains headquartered in the same building it started in, surrounded today by neighboring manufacturers that today provide the lion’s share of the world’s leading-edge microchips. The company was losing money on sales of around $16 million annually in 1998 when Hsu, a sales engineer at an equipment supplier to the business, was persuaded by a new investor to join.

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