Tokyo Electron, Sharp Dissolve Solar Cell Equipment Venture

Tokyo Electron Ltd. (8035) said it dissolved a venture with Sharp Corp. to develop equipment used for solar cell production.

The venture was dissolved today and the liquidation of the company will be completed by the end of February, Tokyo Electron said in a statement.

Tokyo Electron had a 51 percent stake in the venture, while Sharp held the rest. The venture, set up in February 2008 for operations for five years, developed equipment for use in making thin-film solar panels.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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