Qimonda sells Richmond fab equipment to Macquarie Electronics in leaseback deal - Fabtech - The online information source for semiconductor professionals

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Qimonda sells Richmond fab equipment to Macquarie Electronics in leaseback deal

Dec 06, 2007 at 12:46 PM

Qimonda In what is being touted as one of single largest lease transactions so far undertaken in North America, Qimonda AG has gone public on a $289 million sale and leaseback agreement with Macquarie Electronics for its complete tool set at its 200mm DRAM fab in Richmond, Virginia.

"We are pleased to partner with Qimonda on this operating lease transaction, one of the largest semiconductor equipment leases completed in North America,” commented David Coons, President of Macquarie Electronics USA, Inc. “A substantial challenge in the semiconductor industry remains controlling production costs while continuing to develop new technology and this agreement provides Qimonda with additional resources to carry out its strategic objectives. The structure of the transaction reflects the customized approach we take to creating solutions that provide low-cost financing and operational flexibility for our customers."

During a recent conference call with financial analysts, Qimonda executives outlined the deal but declined to say which firm the company has used for the lease arrangement. Although not mentioned in the announcement, the deal also includes maintenance and tool upgrades where necessary as Qimonda starts transitioning the 200mm fab to legacy products rather than mainstream DRAM as 200mm fabs are now uncompetitive.

Readers' comments

Comment by GUEST on 2008-04-30 11:13:59
Does this mean that the Qimonda fab is finally going to be sold off? Rumors were abounding some years ago that Infineon/IFR would sell this fab to Intel or AMD, but nothing ever came of it.

Additionally, there was some move in recent years to outsource non-skilled/non-essential functions like logistics and distribution to 3PL providers so that distribution costs could be brought more into line. What became of that initiative?

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