Latest news with #DorisHsu
Business Standard
20-05-2025
- Business
- Business Standard
Premier Energies Limited and Sino-American Silicon Products Inc. Announce a Joint- Venture for Solar Wafer Manufacturing
NewsVoir Hyderabad (Telangana) [India], May 20: Premier Energies Limited, an integrated solar cell and module manufacturer, has signed a 74:26 joint venture agreement with Taiwan-based Sino-American Silicon Products Inc. (SAS), whose subsidiary, GlobalWafers Co. Ltd., is the world's third-largest manufacturer of semiconductor silicon wafer with expertise in the research, development, and manufacturing of Silicon wafers. The JV will establish a 2 GW per annum State-of-the-art manufacturing plant in India. It will slice polysilicon ingots into silicon wafers for use in the production of photovoltaic cells and modules. The collaboration aims to bring together Premier Energies' large-scale manufacturing capabilities with SAS's advanced expertise in semiconductor wafer manufacturing. On the occasion of signing the JV agreement, Mr. Chiranjeev Saluja, Managing Director of Premier Energies, commented, "This agreement marks the start of our backward integration into solar wafers. We are excited to partner with SAS to produce high-quality solar wafers to increase the share of local manufacturing in the solar value chain. The JV will play a pivotal role in strengthening the Make-in-India policy initiative of the Indian government." Doris Hsu, Chairperson and CEO of Sino-American Silicon Products Inc. and GlobalWafers Co., Ltd., stated that this cooperation will be an important step for our future development in India. SAS and Premier Energies will bolster a critical aspect of the solar supply chain among various industry in India domestic and overseas markets. Furthermore, this can enhance both operational resilience and seize the strong demand of Indian market. Premier Energies is a publicly listed company and a leading player in India's renewable energy sector with a current manufacturing capacity of 11.1 GW (including 5.8 GW under construction). The company is known for its innovation, sustainability, and employee culture, holding the distinction of winning a Great Place to Work certification for four consecutive years. Sino-American Silicon Products Inc. (SAS), established in 1981, is a leading global supplier in the semiconductor and solar industries. While SAS itself focuses on high-performance solar cells and modules, the broader SAS Group offers a comprehensive range of related products through its subsidiaries, including high-quality silicon ingots, polished and epitaxial wafers, and sapphire wafers. Renowned for its technological excellence and superior product performance, SAS has consistently broken operational records and earned recognition as a top performer in both domestic and international markets. The company's commitment to innovation and customer satisfaction has made it a trusted partner in the solar and semiconductor industries.
Fashion Value Chain
20-05-2025
- Business
- Fashion Value Chain
Premier Energies Limited and Sino-American Silicon Products Inc. Announce a Joint- Venture for Solar Wafer Manufacturing
Premier Energies Limited, an integrated solar cell and module manufacturer, has signed a 74:26 joint venture agreement with Taiwan-based Sino-American Silicon Products Inc. (SAS), whose subsidiary, GlobalWafers Co. Ltd., is the world's third-largest manufacturer of semiconductor silicon wafer with expertise in the research, development, and manufacturing of Silicon wafers. The JV will establish a 2 GW per annum State-of-the-art manufacturing plant in India. It will slice polysilicon ingots into silicon wafers for use in the production of photovoltaic cells and modules. The collaboration aims to bring together Premier Energies large-scale manufacturing capabilities with SAS's advanced expertise in semiconductor wafer manufacturing. On the occasion of signing the JV agreement, Mr. Chiranjeev Saluja, Managing Director of Premier Energies, commented, 'This agreement marks the start of our backward integration into solar wafers. We are excited to partner with SAS to produce high-quality solar wafers to increase the share of local manufacturing in the solar value chain. The JV will play a pivotal role in strengthening the Make-in-India policy initiative of the Indian government.' Doris Hsu, Chairperson and CEO of Sino-American Silicon Products Inc. and GlobalWafers Co., Ltd., stated that this cooperation will be an important step for our future development in India. SAS and Premier Energies will bolster a critical aspect of the solar supply chain among various industry in India domestic and overseas markets. Furthermore, this can enhance both operational resilience and seize the strong demand of Indian market. About Premier Energies Premier Energies is a publicly listed company and a leading player in India's renewable energy sector with a current manufacturing capacity of 11.1 GW (including 5.8 GW under construction). The company is known for its innovation, sustainability, and employee culture, holding the distinction of winning a Great Place to Work certification for four consecutive years. About Sino-American Silicon Products Inc Sino-American Silicon Products Inc. (SAS), established in 1981, is a leading global supplier in the semiconductor and solar industries. While SAS itself focuses on high-performance solar cells and modules, the broader SAS Group offers a comprehensive range of related products through its subsidiaries, including high-quality silicon ingots, polished and epitaxial wafers, and sapphire wafers. Renowned for its technological excellence and superior product performance, SAS has consistently broken operational records and earned recognition as a top performer in both domestic and international markets. The company's commitment to innovation and customer satisfaction has made it a trusted partner in the solar and semiconductor industries.
Time of India
19-05-2025
- Business
- Time of India
Premier Energies, Taiwan's SAS form JV for 2 GW solar wafer unit in India
New Delhi: Premier Energies Limited has signed a joint venture agreement with Taiwan-based Sino-American Silicon Products Inc. (SAS) to set up a 2 GW per annum silicon wafer manufacturing plant in India. Under the agreement, Premier Energies will hold a 74 per cent stake and SAS will hold 26 per cent. SAS, through its subsidiary GlobalWafers Co. Ltd., is the third-largest global manufacturer of semiconductor silicon wafers. The new facility will slice polysilicon ingots into wafers for use in the production of photovoltaic cells and modules. The venture marks Premier Energies' backward integration into solar wafer production and is aimed at strengthening the local solar manufacturing value chain . 'This agreement marks the start of our backward integration into solar wafers. We are excited to partner with SAS to produce high-quality solar wafers to increase the share of local manufacturing in the solar value chain. The JV will play a pivotal role in strengthening the Make-in-India policy initiative of the Indian government,' said Chiranjeev Saluja, Managing Director, Premier Energies. Doris Hsu, Chairperson and CEO of Sino-American Silicon Products Inc. and GlobalWafers Co., Ltd., said, 'This cooperation will be an important step for our future development in India. SAS and Premier Energies will bolster a critical aspect of the solar supply chain among various industries in India domestic and overseas markets. Furthermore, this can enhance both operational resilience and seize the strong demand of the Indian market.'
CNA
16-05-2025
- Business
- CNA
GlobalWafers opens new US factory; plans additional $4 billion investment
TAIPEI :Taiwanese silicon wafer manufacturer GlobalWafers said on Friday it would invest an additional $4 billion in the United States to meet growing customer demand there, as it officially opened its new $3.5 billion wafer facility in Texas. "Our U.S. customers appear to have a very strong demand for U.S.-based production capacity,' Doris Hsu, Chairperson of GlobalWafers, a TSMC supplier, told reporters. "Although tariffs (on semiconductors) have not been finalized…(U.S.) customers are hoping to secure local supply to reduce the potential uncertainties that tariffs may bring." The plant, GlobalWafers' most advanced fully integrated 300mm (12 inch) silicon wafer facility, is the first of its kind built in the U.S. in more than two decades and is currently the only advanced wafer manufacturing site in the country. Silicon wafers are critical components in chip manufacturing and larger wafers are widely used in advanced chip production as they allow for more chips to be produced per each wafer, increasing cost savings. At the opening ceremony held in Sherman, Texas, on Thursday, the company said it intends to add two more phases to the site to boost production capacity. It currently has one phase completed for production and a second phase is planned for construction in the 142-acre campus that is designed to accommodate up to six phases. Hsu said there is no set timeline for the additional two phases, but several conditions must be met before moving forward. 'Phases one and two must be profitable, and we need to secure customers... who show strong interest in local production and are willing to sign long-term contracts,' Hsu said. 'We also need reasonable pricing, prepayments, and government support. If these conditions are met, we'll move ahead.' The plant is part of the Biden administration-era CHIPS for America program and the company is set to receive $406 million in U.S. government grants for its projects in Texas and Missouri. Hsu said it has not yet received the U.S. funding but has reached key milestones and submitted the required documentation. Hsu expected the funds to be disbursed in the first half of this year. Reuters reported in February the Trump administration is seeking to renegotiate U.S. CHIPS and Science Act awards and has signalled delays to some upcoming semiconductor disbursements.
Yahoo
14-02-2025
- Business
- Yahoo
Trump Administration Reviews CHIPS Act Awards, Potential Delays Expected
The Trump administration is reviewing funding agreements under the U.S. CHIPS and Science Act, with potential revisions to award terms and possible delays in disbursements to semiconductor companies, Reuters said, citing industry sources. Warning! GuruFocus has detected 6 Warning Signs with INTC. The government is reviewing more criteria related to CHIPS Act financing, including clauses requiring the participation of unionized personnel in manufacturing projects and the availability of reasonably priced daycare for staff members. Still, another important issue is the degree of Chinese investment made by government subsidy beneficiaries. The Chief Executive Officer of GlobalWafers, Doris Hsu, acknowledged the business has obtained $406 million in CHIPS Act money but has not yet received payments as it needs to reach certain benchmarks. Construction at the three sites continues as the company's U.S. growth plans remain unaltered despite continuous scrutiny. Intel Corp. (INTC, Financials), which received $7.86 billion in direct support under the CHIPS Act, revealed receiving $2.2 billion but did not comment on the administration's evaluation. The business announced in October 2024 a $300 million investment in a Chinese plant. Taiwan Semiconductor Manufacturing claimed to have received $1.5 billion prior to the new government's inauguration but did not specify more on possible financing changes. This article first appeared on GuruFocus. Sign in to access your portfolio
