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Tech giants rush to solar power

28 July 2008 | Power Generation: News From Around The Web | Source: USA Today
Semiconductor companies are rushing into the solar power business faster than a Pentium-driven computer, promising to turn a niche form of renewable energy into a mass-market product.

Since May, computer powerhouses Intel (INTC), IBM  and National Semiconductor (NSM) have barreled into solar energy, joining hundreds of fellow technology mainstays. Virtually every chipmaker is weighing a solar play, says Rhone Resch, head of the Solar Energy Industries Association.

"We have a classic Silicon Valley land rush," says T.J. Rodgers, CEO of Cypress Semiconductor , which owns 56% of SunPower.

Drawing the stalwarts is solar's 40% annual growth, says Gartner analyst Jim Hines. The 50-year-old chip business is expanding only about 5% annually after years of torrid growth.

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