Samsung Strengthens its Solar Business
Munich, Germany ? June 10, 2011 ? Samsung announced on a press conference at Intersolar Europe 2011 that it will transfer the solar business from Samsung Electronics to Samsung SDI in order to unify energy business and create synergies, and it plans to invest 5.5 billion US dollars in solar technology development and production by 2020.
Samsung presented its vision of eco-friendly and energy solution company during the press conference. The expansion in the rechargeable battery and solar module industries enables Samsung to create a new energy business area focusing on energy generation and storage.
This is concrete outcome of Samsung’s green management strategy to transform itself into a top green enterprise on a global scale.
Samsung believes that solar energy will play a vital role in the next generation of renewable energy throughout the 21st century and began its work on crystalline materials and thin film technology as early as 1987.
In January 2008, it embarked on strategic research and development in the field of silicon-based photovoltaic. The solar energy business team was formed in early 2009 to go forward with solar cell commercialization.
The first full scale R
D line with a capacity of 35 megawatts was set up in September 2009. The latest product line boasts a yearly capacity of 130 megawatts, aiming for a production capacity of 3 gigawatts by 2015 and 10 gigawatts by 2020.
CONTACT:
Ujeong Jahnke / Marketing communication
Samsung Semiconductor Europe GmbH
Tel +49 (0)6196-66-35 25
Ujeong.j@samsung.com
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2010 consolidated sales of US$135.8 billion. Employing approximately 190,500 people in 206 offices across 68 countries, the company consists of eight independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, semiconductor chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.
About Samsung Semiconductor Europe
Samsung Semiconductor Europe, a wholly owned subsidiary of Samsung Electronics Co. Ltd. Seoul, Korea, is headquartered in Eschborn near Frankfurt/Main, Germany and operates sales offices all over Europe. The European headquarter handles the marketing and sales activities of Semiconductors (Memory, System.LSI, Storage) and TFT LCD (LCD panels, Solar PV Modules) in Europe, the Middle East
Africa (EMEA). For more information, please visit www.samsungsemi.eu.
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