February 26, 2015 6:01 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Suntech America, Inc.

Company Overview

Suntech America, Inc. manufactures and markets building integrated photovoltaic solar products in North America. The company was founded in 2006 and is based in San Francisco, California. It has a facility in Wuxi, China. Suntech America, Inc. operates as a subsidiary of Suntech Power Holdings Co. Ltd. On January 12, 2015, Suntech America, Inc., along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

71 Stevenson Street

10th Floor

San Francisco, CA 94105

United States

Founded in 2006





Key Executives for Suntech America, Inc.

Director of Structured Finance and Director
Managing Director
Compensation as of Fiscal Year 2014.

Suntech America, Inc. Key Developments

Suntech America, Inc. Presents at Sixth Annual Solar Summit, Apr-22-2013 through Apr-24-2013

Suntech America, Inc. Presents at Sixth Annual Solar Summit, Apr-22-2013 through Apr-24-2013. Venue: The Wigwam Resort, 300 East Wigwam Boulevard, Litchfield Park, AZ 85340, United States. Presentation Date & Speakers: Apr-24-2013, Fernando De Samaniego Steta, Business Development Manager, Latin America, Matthew LeDucq, Vice President, Utility Sales.

Chinese Solar Panel Makers Seek Suit Dismissal

Three Chinese solar panel makers seek the dismissal of a lawsuit against them by Solyndra LLC. The defendants asserted the former solar panel maker of Fremont, had failed to prove the Chinese companies had conspired to destroy their American rivals and failed to prove it suffered antitrust injury. Judge Saundra Brown Armstrong of the U.S. District Court for the Northern District of California in Oakland is set to consider dismissing the lawsuit on June 4. Solyndra on Oct. 11 sued Suntech Power Holdings Co. Ltd., Suntech America Inc., Trina Solar Ltd., Trina Solar (U.S.) Inc., Yingli Green Energy Holding Co. Ltd. and Yingli Green Energy Americas Inc., alleging they collaborated to flood the United States solar market with solar panels at below-cost prices" to achieve market domination. Solyndra noted it was not the only solar company to file for bankruptcy due to the low-cost Chinese panels. At least seven other solar companies have filed for bankruptcy since August 2011. The lawsuit seeks $1.5 billion in damages. The defendants on March 8 requested dismissal of the lawsuit, calling Solyndra's assertions an "implausible theory" because Solyndra alleged they conspired to injure Solyndra even before Solyndra entered the solar market. They further alleged Solyndra went out of business due to market competition, not because of any malicious intent. Solyndra filed for bankruptcy on Sept. 6, 2011, and its liquidation plan took effect on Nov. 7.

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