- CEO
- William Kurtis Levens
- Full Time Employees
- 466
- Sector
- Technology
- Industry
- Semiconductors
- Address
- Fornebuveien 84 Lysaker Norway 1324
- IPO Date
- Jun 25, 2008
- Business
- REC Silicon ASA REC Silicon ASA produces silane-based high-purity silicon materials, including Signature Silane gas, specialty silicon gases such as dichlorosilane (DCS), monochlorosilane (MCS), and disilane, as well as electronic-grade polysilicon for the semiconductor, flat panel display, solar photovoltaic, and silicon anode battery industries; it supplies these products to customers in the United States, Asia, and Europe from manufacturing facilities in Butte, Montana, and the idled Moses Lake, Washington site. Founded in 1996 and headquartered in Lysaker, Norway, the company operates through subsidiaries including REC Silicon Inc., REC Solar Grade Silicon LLC, and REC Advanced Silicon Materials LLC in the United States, with sales support offices in Asia and the United States; its production processes utilize proprietary hydrogenation, distillation, and fluidized bed reactor technologies to achieve low costs and high purity measured in parts per trillion. In 2024, REC Silicon discontinued polysilicon production at both the Butte and Moses Lake facilities to transition to a pure-play silicon gas producer, optimizing its 7,400 metric ton annual capacity at Butte for semiconductors, displays, solar cells, and anode materials while preserving restart optionality at Moses Lake's 24,000 metric ton silane capacity; it received a voluntary cash acquisition offer from Hanwha Corporation and Hanwha Solutions via Anchor AS at NOK 2.2 per share, secured short-term loans including USD 25 million from Hanwha International LLC and USD 7 million from Anchor AS, extended a USD 30 million loan with Standard Chartered Bank, and finalized USD 300 million in term loans guaranteed by Hanwha Solutions to support operations amid financial restructuring.