SAN JOSE, Calif. Taiwan chip maker Mosel Vitelic Inc. is apparently entering the solar-cell market.
China's LDK Solar Co. Ltd., a manufacturer of multicrystalline solar wafers, has signed a five-year contract to supply multicrystalline solar wafers to Mosel Vitelic (Hsinchu). LDK's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People's Republic of China.
Under the terms, pricing and quantity is fixed for the first three years. During this period, LDK Solar will deliver multicrystalline solar wafers to Mosel Vitelic valued at approximately $190 million with delivery commencing in 2008.
"We are delighted to secure supply of high-quality silicon wafers from LDK Solar," stated Rebecca Tang, president of Mosel Vitelic, in a statement. "We look forward to enhancing our relationship with LDK as we grow our solar business globally."