The German chemical company has said in its preliminary results for the first quarter of this year that polysilicon prices dropped significantly over the past weeks. Overall, the company expects to see its profits grow in 2017.
SunEdison Semiconductor has agreed to allow the transfer of intellectual property to the world’s largest polysilicon and wafer maker, which is seeking to develop FBR polysilicon.
Facing a lawsuit in the region of $1 billion filed by polysilicon producer Hemlock Semiconductor Corporation, the Chinese Tier 1 solar company has today reached a settlement at the Supreme Court of the State of New York.
The Norwegian-based polysilicon maker posts third quarter revenue of $50.9 million and cites disruption of China trade spat with U.S., plus expiration of the Chinese FIT, as reasons for lowered margins.
The acquisition narrows the number of companies that are developing FBR, and further consolidates the transfer of this technology to Chinese companies.
The solar and polysilicon equipment maker hasn’t said what will become of its Merlin cell interconnection technology or its Hyperion ion implant technology.
The Chinese polysilicon and PV maker will buy three of SunEdison’s manufacturing businesses involved in polysilicon production up until cell production, amid rumors that it is also planning to make a bid for SunEdison’s controlling stake in TerraForm Power.
SolarWorld could face bankruptcy as a result of its polysilicon supply dispute with Hemlock. The U.S. polysilicon supplier is claiming up to $793.5 million in damages, in court documents acquired by Reuters today.
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