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Solaicx Goes To MEMC

Silicon Valley-based Solaicx, a manufacturer of silicon wafers for the photovoltaic industry which operates its large scale production facility in Portland, Oregon, is now officially part of MEMC Electronics. The acquisition , worth $66M in cash plus an additional $10M related to investments by existing shareholders, had been announced in May. MEMC did not say how the acquisition will affect its operations in Portland, or on how the buy will affect the portion of the 80 employees at Solaicx working at that location.


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