Diode supplier Mospec Semiconductor maintains that its core business and the ongoing development of solar wafer production will not be affected after a major shareholder sold most of its stake in the company.
Mospec has announced that three members of its board of directors from the Taiwan-based food giant President Enterprises have resigned after the shareholder they represented reduced its stake in the diode maker to less than half of its original holding. One of the three members was Mospec chairman Lin Chang-sheng, whose successor is yet to be elected.
Mospec, which remains the only IT business affiliated with the food group, is constructing a solar wafer plant with a capacity of 100MWp. Equipment is being moved in, with a 20MWp production line due to start operation after the Lunar New Year in February, according to market sources.
Mospec stressed that it has already secured the funding for the solar wafer development, which will go ahead as planned, as the company's operations have nothing to do with the proportion of investor holdings.
It said it does not rule out the possibility of bringing in other investors or strategic partners for diode and solar operations.
Article translated by Rodney Chan
