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    Monday, June 16, 2008

    Intel Spinoff Gets Funding, To Open Oregon Facility


    Microprocessor 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)


    Related companies:
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    Related stories:
    > Intel To Close Hillsboro Fab
    > SpectraWatt Selected For NREL Solar Power Research Effort
    > Oregon Investment Fund Adds $50M In Funding
    > Amazon Expands In Arizona
    > Collaborative Software Initiative Raises Funding

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