CubicPV and OCI Holdings subsidiary OCIM have introduced a long-term provide settlement for OCIM to produce Cubic with low-carbon, U.S. compliant silicon.
The eight-year contract, valued at roughly $1 billion, establishes an annual provide quantity dedication by OCIM to outfit Cubic with the polysilicon required to begin operations at its deliberate U.S. manufacturing unit. The OCIM partnership positions Cubic to fulfill the demand for U.S.-produced wafers, says the corporate. Beneath the phrases of the settlement, OCIM will start to offer silicon in 2025 from its Malaysia facility.
Over the past six months, and together with tools validation and testing, Cubic has produced vital wafer volumes utilizing OCIM silicon.
“This settlement with one of many world’s foremost leaders in polysilicon manufacturing is testomony to our manufacturing capabilities and the progress towards our U.S. manufacturing plans. OCIM’s high-quality, U.S. compliant silicon is in extraordinarily excessive demand, and we’re lucky to lock-in our provide with a trusted companion,” says Frank van Mierlo, Cubic CEO.
