"SAN FRANCISCO -- Solyndra, a Silicon Valley solar-panel maker that won half a billion dollars in federal aid to build a state-of-the-art robotic factory, plans to announce on Wednesday that it will shut down an older plant and lay off workers.
The cost-cutting move, which will reduce the company’s previously announced production capacity, is a sign of the notable shift in the prospects for cutting-edge American solar companies, which now face intense price competition from Chinese manufacturers that use more established photovoltaic technologies."
Todd Woody reports for the New York Times November 3, 2010.
SEE ALSO:
"Solar Power Projects Face Potential Hurdles" (New York Times)
Source: NYTimes, 11/04/2010
