Solar wafer supplier Tianjin Zhonghuan Semiconductor (TZS) will collaborate with parent company TCL Technology on a solar cell plant in Malaysia.
Local media report that TCL, the Chinese technology major that acquired TZS last year, confirmed at a recent industry event that it will establish a solar cell facility in Malaysia through a joint venture. with TZS with the aim of accelerating its globalization.
However, no specific installation details were provided during the event.
Speaking at the 2021 Forum of Transformation, Upgradation and Globalization of Chinese Enterprises event, TCL Chairman Dongsheng Li spoke about the company’s transformation from a consumer electronics company to one focused on a broader set of technologies, including global manufacturing and R&D.
Li added that TZS has reacted to market conditions to aim for a leading position in the renewable materials market, aided by the globalization initiatives of parent company TCL and upgrades to its product technology and capacity to manufacturing.
Last month, TZS confirmed that its first-half operating profit more than doubled year-over-year to 17.6 billion RMB ($ 2.72 billion), resulting in an increase of 160 % of its net profit to 1.89 billion RMB ($ 292 million).
These results came as a result of a steady rise in the wafer manufacturing capacity of TZS, itself built around a ramp of 210 mm x 210 mm G12 solar wafers. Earlier this week, in response to questions from investors, TZS revealed that it produced 5.5 GW of G12 wafers in the second quarter, an increase of 23% from the 4.5 GW produced in the first quarter of 2021.
TZS ‘total mono wafer capacity was 70 GW as of June 30, 2021, more than half – 56% – is the size of G12 wafers. In addition, TZS claimed the market leadership of G12 inserts, stating that its market share exceeded 90% in the first half of the year.