Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) and Stion Corp., a manufacturer of thin-film solar photovoltaic modules, have reached a series of agreements covering technology licensing, supply and joint development.
Under the agreements, Stion will license and transfer its thin-film copper indium gallium diselenide technology to TSMC, while TSMC will provide a certain quantity of solar modules to Stion using the technology. TSMC and Stion will also work together to enhance the thin-film technology through joint development, the companies add.
In addition, VentureTech Alliance, a TSMC affiliate, will invest $50 million to take a 21% stake in Stion.
SOURCE: Taiwan Semiconductor Manufacturing Co. Ltd.
