Taiwan-based solar cell manufacturer Neo Solar Power Corp. (NSP) has sold its Zhunan FAB to Maxchip Electronics Corporation through the open bidding process. The total transaction amount is near TWD 1,252 million ($41 million). NSP Zhunan FAB was obtained through the merger with DelSolar Co. Ltd. in 2013.
According to the company, the FAB was original used for manufacturing multicrystalline solar cells and modules. In responding to the company’s business transformation and focusing on monocrystalline PERC product, lowering operating expense and activating idle assets, NSP has gained Board approval earlier to sell Zhunan FAB. NSP’s Taiwan manufacturing sites will be centralized in Hsinchu Science Park and Tainan Technology Industrial Park.
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