Daqo New Energy Corp. is a Chinese company engaged in the manufacture of monocrystalline silicon (mono-Si) and polysilicon (poly-Si), primarily for use in solar photovoltaic systems.
[1] The company operates a mono-Si and poly-Si manufacturing facility located in Shihezi, Xinjiang Province, China.
[4][5] Daqo New Energy Corp. was incorporated in the Cayman Islands as Mega Stand International Limited in November 2007, adopting a variable interest entity (VIE) structure.
[7] Daqo produces its mono-Si and poly-Si using a chemical vapor deposition process in closed-loop reactors.
Daqo discontinued its wafer manufacturing operations in September 2018 in response to "increasingly challenging market conditions.