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Key considerations
Strong long term poly-silicon growth
- The high quality poly-silicon market will remain tight, despite the expansions of the main poly-silicon producers. Shortages in future will remain.
- Market requiring independent producers.
- Solar energy remains attractive and growth is expected to soar when grid parity is reached.
Technology trends
- High quality poly-silicon will be in high demand as it is the way to reduce costs further by enabling cell producers to increase efficiencies with thinner wafers.
- Silicon production technology has made significant progress allowing TSM to gain cost advantage.