no tis is horriblenews.
It means our tax dolars that where intened to jump start an industry are not.
Only a "credit default swap" type implosion creating the exact opposite of what the government and people intented forthir dollars to be used for.
Under the leadership of Secretary Chu, the DOE has been absolutely negligent in picking the type of PV technology that make sense for production in the US locked in free market competition with ambitious low - labor cost countries like China. Instead of focussing solely on new cells with efficiency higher than poly Si, DOE should have funded techniques that lead to less labor intensvie / automated production processes for the whole panel and come out cheaper than c - Si wafer based panels made in China. Totally robotic production of relatively simple semiconductor devices like PV panels in the US would certainly not increase direct employment much, but would at least stop the steady haemorrhage of trade deficit and increase tax revenue.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.