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Report: Intel's solar spinoff shuts down
Tech Business
Written by Gizmo   
Thursday, 23 December 2010 19:36

From EE-Times

SAN JOSE, Calif. - Intel Corp.'s solar cell spinoff, SpectraWatt Inc., is apparently shutting down its operations, according to reports.

The solar cell startup is shutting down its factory in Hopewell Junction, N.Y. and is laying off 110 employees, according to online reports. The firm opened the factory in May. Those articles can be read here and here.

 

The company blamed the economic situation in the solar market for the shutdown. On the other hand, the solar market has rebounded after a downturn in 2009. In fact, the market is booming, leaving some to wonder if SpectraWatt's technology was not competitive.

In any case, the move is a blow for Intel, SpectraWatt and the state of New York. It is also a setback for the U.S. solar industry. Much of the new solar capacity is being constructed in China and Taiwan. The U.S. is behind in solar fabs.

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