On July 21st Gaoce, one of China’s leading diamond-wire suppliers, announced that it had produced 33 million kilometers of diamond wire so far this year – more than the 25 million it produced in the entirety of 2022. Counting the 40 million kilometers of extra production capacity Gaoce is to bring online this quarter (after a lead time of a little over 12 months), the company is on track to sell 60 million kilometers of diamond wire this year – enough to cut around 110 GW of photovoltaic wafers. Gaoce’s 2022 revenue and profit reached $500 million and $126 million, up 128% and 357% respectively – this year’s performance will likely be similar, and the company is expanding into making…