For Chinese solar manufacturers, the fourth quarter is the most important time for solar photovoltaic installations. It is then that Chinese vendors speed up deployment to meet the central government’s annual targets. The Chinese government’s support for renewable energy bolsters their efforts. If that support continues, the productivity of Chinese solar manufacturers will increase in tandem.
U.S. sapphire furnace and sapphire manufacturer GTAT, the primary sapphire supplier to Apple, filed for bankruptcy on October 6. As of September 29, GTAT reported having US$85 million in cash. Under the US$578 million multi-year agreement GTAT and Apple signed last November, GTAT must supply a certain volume of sapphire ingots to Apple while Apple was to pay GTAT in four installments with the final US$139 million payment scheduled for the end of October. But low sapphire yield rates have made Apple withhold the last payment.
Samsung Electronics plans to build a new semiconductor plant in South Korea at a cost of Won15.6tn ($14.7bn) to meet burgeoning demand for chips used in mobile devices. Construction of the chip-making plant, which will be the largest of its kind globally, will begin in the first half of 2015 and be completed in the second half of 2017, Samsung said.