Viewing that the presence of too many makers of solar-grade polycrystalline silicon (poly-Si) wafers in China has resulted in oversupply and intensive price competition, the Chinese government plans to help leading makers consolidate medium-size and small fellow makers to restore health to the industry, according to industry sources in Taiwan.
The Chines government will offer financial aid of two billion yuan (US$291 million) for each of the leading makers to facilitate such mergers, the sources pointed out. An alternative to mergers is that medium-size or small makers will maintain their business operations but let leading makers arrange their production and shipments, the sources indicated.
There are currently 145-150 makers of poly-Si wafers in China, the sources added.
Article translated by Adam Hwang
