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Mark R Widmar

Mark R Widmar

CEO of First Solar

Aug 7, 2026

28:08
I'm going to guess you wish that this had come along a while ago.
28:13
You know, absolutely, Carl.
28:13
We've been dealing with this.
28:14
You know, we're an American company.
28:16
We established here over 25 years ago, American technology, American manufacturing, American supply chain.
28:22
We've been fighting these trade battles with predatory, aggressive dumping that we've seen from China, whether directly from China or its other adversarial countries that it's established manufacturing at.
28:35
So we've had to do a lot of trade cases to do that.
Seema Mody
Seema ModyCORRESPONDENT
29:09
But how do you respond to critics who say that these tariffs will just boost up the cost and the price overall for solar panels are essentially inflationary?
5:14
I'm just curious about your ideological evolution on the trade and re-industrialization piece in particular, because it's obvious that you're very passionate about that and about all the great people that you employ, many of whom the chance to meet, visiting some of your facilities, but how did that happen for you? Like, what was your radical last moment?
5:39
You know, so I grew up in a town south of Indiana, which is not that far from here, right? And, you know, most people know South Bend because of the University of Northern.
5:50
The reality of the South Bend started off as really a great manufacturing company.
5:54
There was a lot of industry, you know, in South Bend, going all the way back to plow, right? That eventually then became pseudo-acre wagons and also then became pseudo-acre cars.
6:05
And then Bendix came there, right? So aircraft wheels and brakes and we had Dodge and all these really large, really successful industrial companies.
6:14
And my grandparents, my aunts and uncles used to tell the stories about the factories.
6:19
And they're all gone, right? They're now mostly just shuttered up old facilities and broken windows.

25 MINS LATER

31:09
mindset.
24:20
I, I do, I have to imagine that customers are telling you, "We're a believer in this technology long term," even though some policymakers might not be
24:28
beAbsolutely.
24:30
So, you know, most of our customers will say that, "Look, we need reliable, affordable energy, and we need an all-of-the-above strategy to ensure that that happens, right? To ensure that we can have diversification." The one way I kind of look at it is, um, the military.
24:46
The military needs the Navy in order to be successful for the Army, and it's no different that you need different forms of generation to, uh, think through how to best optimize those forms of generation to provide reliable energy at the most affordable cost point.
25:00
So, um, and also what we're starting to see now is because some of the constraints with grid connection, you're starting to see more, especially on the hyperscalers thinking through, um, behind-the-meter or, uh, off-grid, uh, generation.
25:14
And solar's nimble and flexible that you can do that very easily and co-locate the generation on site generally with batteries and have kind of a hybrid structure where you have grid-connected capacity and you also have off-grid capacity, and solar's a nice, uh, solution in order to do that.
speaker_12HOST
26:41
Finally, on US manufacturing capacity, growing or, or shrinking?
26:46
Uh, continuing to add.

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