Sino-American Silicon Products (SAS), a Taiwan-based manufacturer of semiconductor and renewable energy materials, and United Renewable Energy (URECO), a Taiwanese solar cell and module manufacturer, have established a U.S.-based joint venture to set up a 1 GW solar module manufacturing facility.

The companies said the project will involve a total planned investment of approximately $40 million. SAS will hold a 51% equity stake in the venture, while URECO will own the remaining 49%.

The new company will be led by solar industry executive Fred Yeh.

The companies said the facility will supply solar modules with product traceability and supply chain transparency for customers in the U.S. market.

The two companies are joining forces to expand their presence in the U.S. market, further strengthening their service capabilities and supply flexibility for customers across North America.

SAS and URECO said the investment comes as the U.S. continues efforts to expand domestic manufacturing and strengthen energy independence. They also cited growing electricity demand from artificial intelligence data centers and increasing customer requirements for locally manufactured products, supply chain transparency, product quality, and bankability as factors supporting the investment.

SAS said it will serve as both a strategic investor and operational partner for the joint venture, drawing on its experience in solar technology, manufacturing, and international business development. URECO said it will contribute its experience in module manufacturing, engineering, and sales, supported by its presence in the U.S. market.

In February 2026, the U.S. Department of the Treasury issued interim guidance to enforce provisions under Section 45X of the Internal Revenue Code that restrict companies from claiming federal clean energy subsidies if they rely on foreign-made material.

In the same month, the U.S. Department of Commerce concluded that revoking the prevailing antidumping and countervailing duties on crystalline silicon photovoltaic product imports from China and Taiwan would lead to a recurrence of dumping.

With the U.S. beginning to enforce the Foreign Entity of Concern rules and global buyers accelerating China+1 sourcing strategies, Indian solar module manufacturers believe the policy shift in the U.S. has unlocked new export opportunities and expanded their international manufacturing footprint.