Intel team heads to Oregon for solar spin-off
"I think the world we leave to our grandchildren will be a very different one from the one we inherited from our grandparents, in terms of how we get our energy."
- Andrew Wilson, Intel CEO
Santa Clara, California, USA - A team of Intel Corp. engineers and executives designing new solar power cells will spin off to form an independent company based in Oregon, the computer chipmaker reported Monday.
With funding from Santa Clara's Intel and a group of private investors, the new company, SpectraWatt, will make silicon-based solar cells that Chief Executive Officer Andrew Wilson says will be cheaper and more efficient than those now on the market.