Korea Exchange Bank (KEB), representing creditors, is planning to send out invitations for the auction to domestic companies between Nov. 25 and Dec. 15, its officials said. The action follows Hyosung Group's recent decision to scrap its bid to purchase Hynix.

"The MOEA needs to make more of an effort to restructure the DRAM industry, with TIMC being one of the possibilities, " said Taiwan's economics minister Shih Yen-shiang. "The ministry will explain to lawmakers the necessity of establishing TIMC and review other ways of pushing the project."

Kleiner Perkins and Khosla Ventures-backed solar-thermal startup Ausra is in talks with three potential buyers to sell itself, according to sources familiar with the company.

With an investment of up to US$1.2 billion, 500 full-time jobs, and more than 800 construction jobs, Hemlock Semiconductor's new facility will increase polycrystalline silicon production to meet the needs of the growing solar industry.

Figures released by the Japanese government show that the country's economy has grown for a second successive quarter.

Taiwan's economic minister Shih Yen-hsiang met his Chinese counterpart behind closed doors in Singapore Sunday to work out an agenda for bilateral talks on a proposed bilateral economic cooperation framework agreement (ECFA).

Suntech Power has announced that its first US manufacturing plant for the growing North American market would be located in the Greater Phoenix, Arizona area. The plant will have an initial production capacity of 30 megawatts (MW) and is expected to begin production in the third quarter of 2010.

Price pressure, caused by overcapacities in the worldwide solar panel business are exerting pressure on the solar panel value chain.