Tech giants rush to solar power
By Paul Davidson, USA TODAY / 27 July 2008
Source: USA TODAY
http://www.usatoday.com/money/industries/energy/environment/2008-07-27-solar-chips_N.htm
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 (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 (CY), 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. (more…)