LDK Solar Co. Ltd. has signed a five-year contract to supply multicrystalline solar wafers to Qimonda AG, whereby LDK Solar will begin delivering approximately 540 MW of wafers to Qimonda (or its new joint venture with Centrosolar) in 2009.
Qimonda will make an advanced payment representing a portion of the contract value to LDK Solar. Qimonda is leveraging its experience with silicon suppliers, as well as the availability of scrap silicon from its DRAM operations, to set up supply contracts with favorable terms. Also, the agreement allows LDK to receive scrap silicon material from Qimonda's chip production operations.
SOURCE: LDK Solar