Divests solar unit; will refocus on core semiconductor activities; financial terms not disclosed
- Subject to regulatory approvals and other customary closing conditions, Soitec expects the transaction to close in the third quarter of calendar year 2015. Financial terms of the deal were not disclosed.
- announced a definitive agreement with ConcenSolar, a privately held company and a business partner of concentrator photovoltaic (CPV) leader Suncore Photovoltaic Technology Co Ltd, to divest its solar system business.