Thought for the month
“Wealth consists not in having great possessions, but in having few wants.”
Epictetus, Greek philosopher (c50-135AD)
Wednesday, 11 May 2011
Sun shines on Intel?
April put a shine on Intel's finances but also saw the IC giant take another small step in the solar business. MiaSole Inc., a manufacturer of copper indium gallium selenide (CIGS) thin-film photovoltaic solar panels, has entered into an agreement with Intel's Technical Manufacturing Services. Under the agreement, Intel will provide customized manufacturing services and systems, strategic consulting, operational knowledge and training to MiaSole as the company ramps its manufacturing facilities in 2011 and 2012. Oddly this is not Intel's first foray into the world of solar manufacturing. In June 2008, Intel spun off a start-up from inside its New Business Initiatives group (SpectraWatt) that made solar cells. The photovoltaic panel manufacturer set up it's activities in IBM’s former East Fishkill facility. After making a $90 million private investment in the plant and receiving another $8 million in federal grant funding SpectraWatt withered. The company has largely shut down its operations and its assets are being auctioned, with full closure expected in May. Better luck second time?