Under an agreement, Centrosolar America will gain the position of being an exclusive provider of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM)’s subsidiary TSM Solar modules. Centrosolar America entered into a deal with the company’s subsidiary to deploy the latter’s CIGS solar modules in the commercial as well as residential solar markets in areas of the entire North America. It is to be noted that TSMC Solar’s CIGS solar modules are cost efficient and its differentiating characteristics particularly that of Kwh per watt yield, widely positions it over other competitors. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) stock opened at $17.86 in last session, and closed at $18.03, while the day range of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) stock is $17.77 – $18.08. The stock showed a positive weekly performance of 1.92%.
Radio-frequency (RF) solutions supplier TriQuint Semiconductor Inc. (NASDAQ:TQNT) and RF Micro Devices Inc. (NASDAQ:RFMD), a designer and manufacturer of high-performance solutions, will merge into a new company with a new name and shared leadership team. RF Micro Devices, Inc. (NASDAQ:RFMD) stock opened at $7.20 in last session, and closed at $7.09 by gaining 0.14%. The 52 week range of $4.40 – $7.24. Company’s market capitalization is $2.00 billion.
In the report, Bank of America noted, “TriQuint Semiconductor (NASDAQ:TQNT) and RF Micro Devices (RFMD), both vendors of high performance radio frequency (RF) chips for mobile devices, infrastructure and defence products, entered into an all-stock merger agreement on 24th Feb 2014. TriQuint Semiconductor (NASDAQ:TQNT) stock increased 0.74% and finished the last session at $12.33. The EPS of the stock remained -0.21. Company’s market capitalization is $1.94 billion.
Sunedison Inc. (NYSE:SUNE) on Feb. 26 announced the closing of a non-recourse debt financing arrangement with Deutsche Bank. The debt proceeds will be used to finance the construction of 56 megawatt (MW) portfolio of four utility-scale photovoltaic (PV) solar projects in the United Kingdom. The portfolio is expected to be fully operational by the end of March 2014. Sunedison Inc. (NYSE:SUNE) stock opened the session at $17.92, and closed the session at $18.68. The 52 week range of the Sunedison Inc. (NYSE:SUNE) stock remained $3.95 – $19.41 and the day range was $17.81 – $18.74.