Hemlock Semiconductor sues Solargiga over contract breach
Polysilicon producer Hemlock Semiconductor takes legal action against Wealthy Rise International, an indirect subsidiary of Chinese integrated monocrystalline module maker Solargiga Energy Holdings, over alleged breaches of a long-term polysilicon supply contract.
According to an announcement of Solargiga, Wealthy Rise has received a Complaint and Demand for Jury Trial from the courts of the U.S. State of Michigan. Plaintiff Hemlock Semiconductor claims US$391 million from Wealthy Rise for alleged breaches of a purchase contract that Wealthy Rise closed with Hemlock in March 2011 for the delivery of polysilicon from 2013 through 2020.
Hemlock’s move is the latest in a series of lawsuits against customers that have closed long-term contracts, such as Canadian Solar, Green Energy Technology, Solarworld Industries Sachsen, JA Solar or Yingli Green Energy.
Get more information ...
- on the background and ranking of the world’s top ten producers: polysilicon manufacturers
- on the Siemens process, FBR technology and UMG silicon: polysilicon production processes
- on the application of polysilicon in semiconductors and solar cells: polysilicon uses
- on the size, shares and trends of the market and China’s role: polysilicon market analysis
- on the current polysilicon spot price, charts, price forecast and history: polysilicon price trend