Hemlock Semiconductor raises $3 billion to build chip and solar cell materials

Ever since solar cells took off a few years ago, there has been a shortage of silicon in its purest form. That’s because polycrystalline silicon is used to make both semiconductor chips and most solar cells.

Because of that, the Hemlock Semiconductor Group has been able to raise $3 billion to expand the production of polysilicon at two major manufacturing sites. The group will invest that money to build a new factory in Clarksville, Tenn., and to add to another one in Hemlock, Mich.

~ by spyaokid on December 16, 2008.