Can China Save Silicon Valley's Struggling Solar Technology?
MiaSolé, the Silicon solar startup that raised close to half a billion dollars from top venture capitalists to develop advanced photovoltaic technology, is being sold to Chinese renewable energy conglomerate Hanergy for $30 million. The fire sale, first reported by David Baker of the San Francisco Chronicle, shows that even as the Chinese solar industry struggles with its own severe financial problems China is poised to scoop up U.S. technology on the cheap.
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