FSLR - 5N Plus Inc. Renews and Increases Semiconductor Supply Agreement with First Solar | Benzinga
MONTRÉAL, June 4, 2024 /CNW/ - 5N Plus Inc. (TSX:VNP) ("5N+" or the "Company"), a leading global producer of specialty semiconductors and performance materials, today announced that it has renewed its supply agreement (the "Agreement") with First Solar, Inc. ("First Solar") (NASDAQ:FSLR), a leading American solar technology company and global provider of responsibly produced, eco-efficient solar modules. Under the Agreement, 5N+ will increase its supply of cadmium telluride (CdTe) semiconductor materials to First Solar for the manufacturing of thin-film photovoltaic (PV) solar modules. This is aligned with 5N+'s announced plans to increase capacity to serve high?value, high?growth end markets.
"We are pleased to have once again successfully extended our longstanding partnership under favourable terms, and proud to support First Solar as they deliver responsibly produced PV modules for the global transition to a sustainable energy future. We are committed to partnering with strategic customers operating in critical industries as a strong, reliable and trusted provider of advanced specialty semiconductors," said Gervais Jacques, President and CEO of 5N+.
Mr. Jacques added, "This Agreement with First Solar represents a 50% increase in volume over the next two calendar years compared to our previous agreement, an ...