Giga Solar announced on August 4th that its revenue increased 11.32% MoM to NT$1.451 billion in July. The cumulative revenue from January to July was NT$7.804 billion, a rise of NT$2.754 billion compared to NT$5.05 billion same period last year.

Giga Solar’s record-high revenue in July was resulted from the growing shipment of front-side PV silver paste. On the other hand, utilization rates have increased significantly for both Taiwanese and Chinese cell manufacturers. Cell orders could be seen one-month-in-advance, leading to higher cell prices.