The
AUO case was among five applications approved so far this year, bringing the total to NT$497.3 billion (US$15.99 billion), the Central News Agency reported.
Under the stock purchase agreement, SunPower will pay
AUO USD 170m over the next four years.
20 September 2016 - California-based solar system designer and maker SunPower Corp (NASDAQ: SPWR) is purchasing Taiwan-based electronics manufacturer AU Optronics' (
AUO) portion of the two companies' joint venture which manufactures solar cells at an 800mw fabrication facility in Melaka, Malaysia, the company said.
Each ADR represents 10 ordinary shares and trades on the New York Stock Exchange under the symbol
AUO. Citibank has been the Depositary Bank for
AUO's ADR program since its inception in May 2002.
AUO's ordinary shares are traded on the Taiwan Stock Exchange under stock ticker 2409.
AUO adopts the strategy of "Global Operation, Local Delivery" and is currently the Taiwanese PV player with the highest solar module capacity worldwide(*).
Peng has held a variety of roles at
AUO, including vice president of Supply Chain Management, general manager of the company's Suzhou module plant, general manager of the IT Display Business Group, executive VP of Global Business Unit and president of Display Business Operation.
The collaboration is aimed at delivering the
AUO AC Unison integrated AC module to the North American market.