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Panasonic to exit from production of solar panel material

Malaysia site could stop making silicon wafers this fiscal year

The company logo of Panasonic.   © Reuters

OSAKA -- Panasonic is considering ending production of silicon wafers used in solar panels as early as this fiscal year to focus its resources on solar power cells amid an increasingly tough business climate.

The Osaka-based company until now handled the entire solar panel production process in part to accumulate technological know-how. But outsourcing production has become more cost-effective given technological improvements and price competitiveness attained by material makers.

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