SunPower to acquire AUO's stake in Malaysian solar cell venture

SunPower to acquire AUO's stake in Malaysian solar cell venture

SunPower Corp will pay US$170 million for AU Optronics Corp's portion of the
two companies' solar cell making venture at an 800-megawatt fabrication
facility in Melaka, Malaysia.

"Acquiring AUO's stake in the Malaysian joint venture gives us sole control
over our highest-performing solar cell fab and will allow for technology
upgrades and further expansion of our high-efficiency solar cell technology
as market conditions warrant," Tom Werner, SunPower president and chief
executive, said in the statement.

SunPower said in August that it scrapped a target to at least break even
this year.

The company has said it will close a Philippine panel-assembly facility and
will transfer the equipment to Mexico, cutting 15 per cent of the overall
workforce, or 1,200 employees, in the process.

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Ref:
http://www.businesstimes.com.sg/energy-commodities/sunpower-to-acquire-auos-
stake-in-malaysian-solar-cell-venture

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com