Sunrise Global Solar Company, a Taiwan-based manufacturer of monocrystalline solar cells, has signed a long-term silicon wafer supply agreement with Sino-American Silicon Products, Inc. (SAS), a supplier of ingots and wafers to the solar energy and semiconductor industries.
Under the terms of the contract, Sunrise has agreed to buy approximately $150 million dollars of silicon wafers from SAS starting in January 2009. This contract, which continues through 2017, builds on the existing strategic relationship between the two firms, SAS being one of Sunrise’s founding investors.
"We are pleased to have finalized this wafer supply contract with SAS, a company that Sunrise views as an important strategic long-term partner," said Hsu Kuei-Chang, CEO of Sunrise. "The experience of the SAS team and the high-quality of the SAS wafers allows Sunrise to continue developing industry-leading solar cells in terms of conversion-efficiency and consistency."
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