Looks like FOXCONN.. Contract manufacturing giant is getting into Solar Modules.. Knowing FOXCONN.. it is definitely a bad news for all the Industrial giants (even existing Chinese manufacturers) and even worse news for US based manufacturers.. Foxconn is known to be working on volumes with very low margin.. on top of that they have optimized their manufacturing beyond original Japanese manufacturer's dreams..
On second thoughts, US manufacturers or I should say, US Solar companies or even startups in Solar areas can easily get into solar big time.. They can probably hire or contract solar manufacturing to Foxconn, based on their new designs and innovations.. thereby greatly increasing innovation and efficiency of Sola Panels further.. So, as usual, US companies will benefit from it.. employees may not as much unless, you are into fewer high end design/R&D jobs..
However, it is definitely GREAT news for most of the consumers and for green technology. It shows that there is great promise ahead for green technology and very soon Solar Energy will become mainstream.. Way we buy TV/Game-consoles/iPhones.. we will start getting solar panels for our home and start upgrading them as they improve their efficiency... This should drastically reduce emissions and and hence green house gases and hence improve our next generation's future prospects!!! (I agree.. that was tooo much for such a small news.. but then who knows, my news analysis/prediction may turn out true!!!)
On second thoughts, US manufacturers or I should say, US Solar companies or even startups in Solar areas can easily get into solar big time.. They can probably hire or contract solar manufacturing to Foxconn, based on their new designs and innovations.. thereby greatly increasing innovation and efficiency of Sola Panels further.. So, as usual, US companies will benefit from it.. employees may not as much unless, you are into fewer high end design/R&D jobs..
However, it is definitely GREAT news for most of the consumers and for green technology. It shows that there is great promise ahead for green technology and very soon Solar Energy will become mainstream.. Way we buy TV/Game-consoles/iPhones.. we will start getting solar panels for our home and start upgrading them as they improve their efficiency... This should drastically reduce emissions and and hence green house gases and hence improve our next generation's future prospects!!! (I agree.. that was tooo much for such a small news.. but then who knows, my news analysis/prediction may turn out true!!!)
FOXCONN Entry into solar may push down prices
Foxconn Technology’s decision to start making solar power modules may speed the rate at which margins are narrowing for Chinese manufacturers, another blow for an industry already coping with a plunge in prices. The Taiwanese company that’s the world’s biggest contract maker of electronics including Apple’s iPhone has started work on a solarmodule plant in China’s eastern province of Jiangsu. “Foxconn plans to build new factories with undreamed- of scale and lower cost,” Jenny Chase, who leads a team of six solar analysts at Bloomberg New Energy Finance, said. “It will push capacity higher and prices lower.” Prices for solar cells have skidded 62 percent this year as Chinese companies led by Suntech boosted production and won market share from European and Japanese rivals.
Foxconn Technology’s decision to start making solar power modules may speed the rate at which margins are narrowing for Chinese manufacturers, another blow for an industry already coping with a plunge in prices. The Taiwanese company that’s the world’s biggest contract maker of electronics including Apple’s iPhone has started work on a solarmodule plant in China’s eastern province of Jiangsu. “Foxconn plans to build new factories with undreamed- of scale and lower cost,” Jenny Chase, who leads a team of six solar analysts at Bloomberg New Energy Finance, said. “It will push capacity higher and prices lower.” Prices for solar cells have skidded 62 percent this year as Chinese companies led by Suntech boosted production and won market share from European and Japanese rivals.
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