Hanwha Solutions Q Cells Division has been embroiled in a legal battle with Maxeon Solar Technologies, which claims that the Korean firm copied its tunnel oxide passivated contact (TOPCon) solar cell technology in the U.S., according to industry officials, Wednesday.
Hanwha Solutions on Thursday reported its fourth-quarter net loss of 330.1 billion won ($248.4 million), remaining in the red compared with a year ago.
Korea’s implementation of the OECD s global minimum corporate tax initiative, the first of its kind in the world, has become an additional financial burden on companies that have invested in the U.S. and Southeast Asia when seeking tax benefits, according to industry officials, Wednesday.
Few would disagree that combating the climate crisis is the most crucial task the human race faces. But many Koreans do not seem to view that an urgent issue that requires immediate action.
Hanwha Solutions Q Cells Division has decided to close one of its two solar module plants in Korea by Dec. 17, following its first-ever voluntary redundancy program to reduce manufacturing jobs here, the company said Thursday.