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

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.

Lockheed is a natural partner. LockheedMartin SecDef WhiteHouse

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Chamath Palihapitiya shifts Social Capital's focus to early stage investing - Silicon Valley Business JournalChamath Palihapitiya's Palo Alto venture fund has planned to raise 'billions' to invest in a range of companies and opportunities. Now he's scaling back his ambitions.
Bron: svbizjournal - 🏆 334. / 59 Lees verder »

Chamath Palihapitiya shifts Social Capital's focus to early stage investing - Silicon Valley Business JournalChamath Palihapitiya's Palo Alto venture fund has planned to raise 'billions' to invest in a range of companies and opportunities. Now he's scaling back his ambitions.
Bron: svbizjournal - 🏆 334. / 59 Lees verder »

Peery Arrillaga seeks tenants for Silicon Valley office building Apple was said to have pre-leased - Silicon Valley Business JournalApple was widely reported two years ago to have pre-leased a building near its headquarters. It turns out those reports were wrong.
Bron: svbizjournal - 🏆 334. / 59 Lees verder »

Apple contract manufacturer Jabil cutting 205 Bay Area jobs - Silicon Valley Business JournalThe layoffs will affect factory workers in Fremont and Livermore.
Bron: svbizjournal - 🏆 334. / 59 Lees verder »