With the restructuring of GT Advance Technologies, the downsizing of Meyer Burger and refocussing of Applied Materials it appears that this process in ongoing. The insolvency of German supplier Centrotherm points in the same direction.
The political question in this analysis is what we can do to protect the know-how and the structure that we currently have in place in order to not lose more of our solar capacity when the upturn occurs. Right now cash is king so downsizing and hedging are the strategies for independent suppliers that we're already observing. Some of the suppliers will most likely consolidate into bigger corporations or groups while others will need to rely on liquidity help in order to survive. We'll keep watching and reporting.