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Varian Semiconductor Equipment Associates Inc. announced Tuesday that it plans to expand into the solar cell manufacturing equipment market.
The Gloucester-based company (Nasdaq: VSEA) produces ion implantation equipment that is used by manufacturers to produce semiconductor chips. Varian said it is now launching a new product, the Varian Solion, for use in manufacturing silicon solar cells.
In the announcement, Varian CEO Gary Dickerson said the move is part of the company’s growth strategy to expand its implant technology into adjacent markets. “We have worked with customers to validate an improvement in cell efficiency and a reduction in process steps using ion implant in the solar manufacturing process,” he said.
The Solion is based on the company’s VIISta equipment line, Varian said. The company said it would introduce the new product Tuesday at the Intersolar Trade Show in San Francisco.
During the first three months of this year, Varian reported that it had added 130 jobs – most of them in Massachusetts – and seen quarterly revenue triple year-over-year, to $204 million.
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