TSMC has approved at the Board of Directors level to allocate US$50 million towards potential solar business investments. The company recently announced plans to enter the LED and solar industries to boost revenue growth for the company as the semiconductor industry alone has failed to keep growth targets for the company.
Speculation has started in Taiwan papers that TSMC is planning to make an investment in Taiwan-based crystalline silicon cell manufacturer, Neo Solar Power Corporation (NSP)
Struggling DRAM memory manufacturer, Powerchip Semiconductor (PSC) has a stake in NSP, which could be sold to TSMC to raise much needed cash.
NSP’s current capacity is 210MW, with plans for increasing capacity to 600MW in the future.