CARY, North Carolina, April 22 /PRNewswire/ --
- Qimonda Announces Formal Appointment of Advisory Team
Qimonda North America Corp. today announced the formal offer for sale of its Sandston, Virginia manufacturing center. The highly-accessible 1.3 million square foot Sandston campus, located in close proximity to Richmond International Airport and less than 100 miles from Washington D.C., includes a state-of-art 300mm semiconductor fab, an advanced 200mm semiconductor fab and a 300,000 square foot office building. The 220-acre campus also includes excess land which could be used to construct a mirror-image of the existing facilities, potentially doubling production capacity.
To assist in the marketing and sale of these assets, Qimonda has appointed an advisory team comprised of ATREG, a division of Colliers International, Emerald Technology Valuations LLC and Gordon Brothers Commercial Industrial.
The initial efforts of the advisory team will focus on finding an operational purchaser for the facility and its assets. Based on its most recent technology mix, Qimonda's Sandston facility had been used for DRAM production with volumes of approximately 9,500 300mm wafers per week and approximately 12,000 200mm wafers per week. The fully automated, state-of-the-art Qimonda Richmond site was built and equipped at a cost of approximately US$3 billion and volume 300mm production began in 2005. The world-class 300mm operational tool line includes hundreds of advanced manufacturing tools of 2005 vintage and newer, many of which are capable to 32nm. Though production has ceased, the facilities have been idled down into a warm state and are being immaculately maintained so that volume production could be restarted quickly by a potential purchaser who may wish to operate the existing the facility.
If an operational buyer is not found, the advisory team would move quickly to a complete 300mm tool line sale. At the same time, the advisory team would look for alternative advanced technology users, potentially solar or MEMS manufacturers, who could benefit from the highly advanced infrastructure.
This is a very unique offering. A 300mm fab has never before been available. Our primary goal is to find a user for the facility who can restart operations. Alternatively, we will look to find an entity that can take the entire 300mm tool line or a significant portion of the line, said Stephen Rothrock, Managing Director of ATREG.
Qimonda requests that all inquires are directed to ATREG, attention: Stephen Rothrock, Doug Barrett +1-206-515-4497.
Qimonda North America Corp. and Qimonda Richmond LLC each filed for creditor protection under Chapter 11 of the Bankruptcy Code on February 20, 2009.
About Qimonda North America
Qimonda is a global memory supplier with a diversified DRAM product portfolio. The company provides DRAM products with a focus on infrastructure and graphics applications, using its power saving technologies and designs. Further information is available at www.qimonda.com.
ATREG, the semiconductor sales division of Colliers International, is a specialized team focused to help companies restructure advanced technology assets. Established in 1997 and co-directed by Stephen Rothrock and Doug Barrett, ATREG has represented some of the semiconductor industry's top companies in transactions totaling more than US$2 billion. ATREG sells operational semiconductor fabs, wafer supply agreements, process and product IP, complete tool lines, and fab infrastructure. For more information: www.ATREG.com.
About Emerald Technology Valuations LLC
Emerald is an advisory, valuation, and liquidation firm that specializes exclusively in High Technology equipment and inventories. With over 75 years in combined experience, Emerald's senior team has provided advisory, valuation, and liquidation services to clients such as 3Com, Cisco, Hayes Electronics, IBM, Jabil Circuit, Inc., KLA-Tencor Corp., Lucent Technologies, Micron Technology Inc., Northrop Grumman Corporation, Palm, Inc. and Sanmina-SCI Corporation. For more information: www.emerald-tech.com.
About Gordon Brothers Commercial Industrial
Gordon Brothers Commercial Industrial is a division of Gordon Brothers Group. Founded in 1903, Gordon Brothers Group is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial, and real estate sectors. Gordon Brothers Group conducts over US$40 billion in transactions and appraisals annually. Gordon Brothers Commercial Industrial maximizes value for both healthy and distressed companies by purchasing or selling all categories of commercial and industrial assets including machinery equipment, inventories and industrial real estate. (www.gordonbrothers.com)
Stephen Rothrock, or Doug Barrett +1-206-515-4497, both of ATREG, for Qimonda North America Corporation