CubicPV and OCI Holdings subsidiary OCIM have announced a long-term supply agreement for OCIM to supply Cubic with low-carbon, U.S. compliant silicon.
The eight-year contract, valued at approximately $1 billion, establishes an annual supply volume commitment by OCIM to outfit Cubic with the polysilicon required to commence operations at its planned U.S. factory. The OCIM partnership positions Cubic to meet the demand for U.S.-produced wafers, says the company. Under the terms of the agreement, OCIM will begin to provide silicon in 2025 from its Malaysia facility.
During the last six months, and in conjunction with equipment validation and testing, Cubic has produced significant wafer volumes using OCIM silicon.
“This agreement with one of the world’s foremost leaders in polysilicon production is testament to our manufacturing capabilities and the progress against our U.S. manufacturing plans. OCIM’s high-quality, U.S. compliant silicon is in extremely high demand, and we are fortunate to lock-in our supply with a trusted partner,” says Frank van Mierlo, Cubic CEO.
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OCIM to Supply CubicPV with Silicon Under Long-Term Agreement
Can’t swear that this is true but hoping so.
We must never forget.
The more visibility and the more frequent reminders we can get on this catastrophe in U.S. history the better.
It’s almost funny when we hear that California is a socialist state, or a police state (due to our environmental restrictions), or that people are leaving in droves to go to Texas or Florida. When I come across people who say this, I wonder: have you ever actually been to California?
Do you know that the garden-variety 3 BR, 2 BA house here lists at about $1.2 million, where, if it were moved to, say, the Midwest, it would be worth perhaps $2500,000? Why do you think that could possibly be? Maybe the law of supply and demand doesn’t apply to the Marxist part of the nation?
Perhaps it’s because Californians are offered fantastic economic opportunities. We develop and implement ideas that improve the lives of everyone on Earth, and that we profit greatly from our undertakings.
Something for the MAGA crowd to consider.
The main way governments create wealth is by educating people so that they can become productive members of society. They also build roads and airports and maintain law and order so that honest businesses can thrive.
Anyone living now who believes that Elon Musk and Jeff Bezos are creating wealth for anyone but themselves is a total fool.
A ton of people bought into the concept expressed here in the mid-20th Century, but no semi-intelligent person today believes that tax breaks for billionaires/trillionaires generates a nickel for the common person.
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