Sunny wafer contract

China-headquartered LDK Solar has signed a five-year, $190m contract to supply multicrystalline solar wafers to Taiwan-based Mosel Vitelic.

Under the terms of the agreement, pricing and quantity is fixed for the first three years.

Delivery of the wafers, which is the main raw material used to produce solar cells, will begin in 2008.

In addition to manufacturing solar cell products, Mosel Vitelic provides radio frequency ID system products and an integrated circuit wafer foundry service, specialising in power and high voltage devices.