German wafer manufacturer Nexwafe says it has set up a subsidiary in the United States to evaluate the potential to produce wafers in the country.
Nexwafe, a German epitaxial wafer manufacturer that is currently building a 250 MW factory in Bitterfeld, Germany, has announced that it has established a US subsidiary.
The company said in a statement that it is evaluating the development of multi-gigawatt-scale solar wafer manufacturing in the US market, with an initial target production volume of 6 GW.
Nexwafe, which is based in Freiburg, Germany, announced a €30 million financing round in May 2023.
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