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Energy-8: Foxconn’S Entry Into Solar Market

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Foxconn the iphone maker, is entering the Solar market.

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The Taiwanese company that’s the world’s biggest contract maker
. . . of electronics including Apple Inc.’s IPhone
. . . started work on a solar-module plant in China’s eastern province of Jiangsu
. . . near the headquarters of Suntech Power Holdings Co. (STP),
. . . the largest silicon-based module manufacturer.
“Foxconn plans to build new factories with undreamed-of scale and lower cost,”

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“It will push capacity higher and prices lower.”
Prices for solar cells have skidded 62% this year
. . . as Chinese companies led by Suntech boosted production and
. . . won market share from European and Japanese rivals.



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