Firm was in talks last year with private equity and strategic suitors but has now opted to divest its Tempress business to a newly-created Dutch entity, naming a new group CEO in the process.
PV equipment and technology specialist, Amtech Systems is to sell its solar manufacturing equipment subsidiaries that included Tempress and SoLayTec to focus its semiconductor sector business.
Specialist PV manufacturing equipment supplier Amtech Systems has secured over a US$6 million order for its ‘Quantum’ diffusion system for the mass production of high-efficiency N-type solar cells.
Specialist PV manufacturing equipment supplier Amtech Systems is restructuring its solar cell manufacturing equipment business with job losses after China-based customers have pushed-out capacity expansion plans after government cuts were made to downstream solar installation targets as deployments far exceeded goals.
As the solar industry has grown from a 50GW market to 100GW in just a few years, the desire to have differentiated production has increased, especially for companies entering the market or repositioning strategies.
Specialist PV manufacturing equipment supplier Amtech Systems is looking to expand its component outsourcing to include solar equipment production in China to remain competitive.
Atomic layer deposition (ALD) equipment specialist SoLayTec, a subsidiary of Amtech Systems has shipped its solar cell ALD tool to a customer based in Asia.
Specialist PV manufacturing equipment supplier Amtech Systems has continued to benefit from a major solar orders placed with the company in 2017 that are continuing conversion to revenue in its fiscal first quarter of 2018.
Specialist PV manufacturing equipment supplier Amtech Systems continues to benefit from major solar order conversion to revenue in its fiscal fourth quarter of 2017.
