TSMC’s wholly owned subsidiary, TSMC Solar, will exit the thin film industry at the end of August, but will honour all product warranties that have been offered to existing customers, it says.
“TSMC Solar’s late entry to the market and lack of economies of scale led to a substantial cost disadvantage. After careful consideration, TSMC has come to the conclusion that despite its world-class conversion efficiency for CIGS technology, TSMC Solar will not be viable even with the most aggressive cost reduction plan,” the company says.
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