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Tokyo Electron buys Oerlikon solar business

Tokyo Electron (TEL) has acquired the solar business of Oerlikon. Following Oerlikon’s announcement in March that it will divest its solar business, TEL has now acquired 100 per cent of the shares of Oerlikon Solar in a cash deal worth CHF 250 million. The move, said Oerlikon and TEL aims to take advantage of the growing demand for thin film silicon solar technology. TEL, a leading supplier of semiconductor production equipment, is targeting large-scale power generation, in particular.

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