TCL to companion Zhonghuan Semiconductor for Malaysian cell facility as G12 wafer outcome soars
- Solar wafer provider Tianjin Zhonghuan Semiconductor (TZS) is to team up with parent business TCL Technology on a solar cell plant in Malaysia.
Local media records state that TCL, the Chinese technology major which got TZS last year, verified at a current market event that it is to develop a solar cell center in Malaysia via a joint endeavor with TZS in a proposal to accelerate its globalisation.
No particular details of the facility were, nonetheless, given at the event.
Talking at the 2021 Forum of Transformation, Upgradation as well as Globalisation of Chinese Enterprises event, TCL chairman Dongsheng Li mentioned the firm's transformation from a customer electronic devices firm to one which focused on a broader collection of technologies, consisting of global production as well as R&D.
Li included that TZS had replied to market conditions to target a leading position in the renewables products market, helped by parent firm TCL's globalisation campaigns as well as upgrades to its item technology and also manufacturing ability
Last month TZS confirmed that its H1 operating revenue greater than doubled year-on-year to RMB17.6 billion (US$ 2.72 billion), resulting in a 160% surge in web earnings to RMB1.89 billion (US$ 292 million).
Those outcomes came on the rear of a stable ramp-up of TZS' wafer manufacturing ability, which itself was developed around a ramp of G12 210mm x 210mm solar wafers. Earlier this week in response to concerns from investors, TZS revealed that it generated 5.5 GW of G12 wafers in the 2nd quarter, a 23% rise on the 4.5 GW generated in Q1 2021.
TZS' overall mono wafer capacity stood at 70GW as of 30 June 2021, more than half-- 56%-- is of the G12 wafer dimension. Moreover, TZS has claimed leading the marketplace in G12 wafers, specifying that its market share surpassed 90% in the first fifty percent of the year.
