Daqo New Energy Corp (Daqo) manufactures solar polysilicon. The company has a reputation for producing high-purity polysilicon at lowest cost to producers. It manufactures polysilicon and sells them to photovoltaic product manufacturers for mono- and multi-wafer applications. The products include mainly medium to large blocks of solar-grade polysilicon, CZ Mono-crystalline Silicon and Multi-crystalline Silicon/Casting wafers. Daqo uses the chemical vapor deposition process or modified Siemens process to produce polysilicon and under framework contracts, the company sells products.

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The company carries out research and development (R&D) activities to maintain its long-term competitiveness. Daqo focuses on improving products and production processes, improving product quality, reducing manufacturing costs and expanding its product markets. In FY2022, the company completed 36 research and technology or process improvement projects to enhance polysilicon manufacturing process, and also successfully registered 71 patents with the State Intellectual Property Office of the PRC. As of December 31, 2022, it had 449 experienced researchers and engineers and 259 patents and 37 additional pending patent applications covering different aspects of the polysilicon and wafer manufacturing process. In FY2022, Daqo spent US$10 million on its R&D, which as a percentage of sales stood at 0.2%, and grew 54.6% YoY.