High Technology News and Information for the Pacific Northwest Region
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High Technology News and Information for the Pacific Northwest Region |
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 Monday, June 16, 2008 Intel Spinoff Gets Funding, To Open Oregon FacilityMicroprocessor giant Intel said Monday that it has spun off a new company focused on the solar energy industry, which will open up a manufacturing and advanced technology development facility in Oregon in the second half of 2008. Intel said Monday that it has led a $50M investment round in SpectraWatt, a startup company being spun off from its New Business Initiatives group. The new firm will manufacture and supply photovoltaic cells to solar module maker, with a goal of first product shipments by mid-2009. No other details of the new company's operations in Oregon were disclosed by Intel. Intel Capital led the investment in the new firm; other investors include Cogentrix energy (owned by The Goldman Sachs Group), PCG Clean Energy and Technology Fund, and Solon AG. posted on Monday, June 16, 2008 (Link to more information)
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