First Solar buys GE's Thin Film Unit

Tempe-based First Solar, Inc. has acquired GE's thin film solar panel technology in exchange for 1.75 million shares of its global cadmium telluride (CdTe) technology unit, or what amounts to a nearly 2% stake in the company. Changing hands will be more than 450 issued patents and patent applications related to 10-cell technology, an amount that effectively double's First Solar's portfolio.

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