Seattle, 04/01/2024 – SEATTLE, April 1, 2024 – ATREG, Inc., the premier global firm in the semiconductor industry for brokering and executing the exchange of advanced technology cleanroom manufacturing assets, announced today that the acquisition of Japan Display, Inc. (JDI)’s large operational LCD panel manufacturing fab located in Higashiura, Japan by Sony Semiconductor Manufacturing Corporation (SCK) has officially closed.
In May 2022, JDI announced that the company would end production at the Higashiura fab by March 2023 to increase JDI’s cost competitiveness and profitability. JDI plans to lease and convert part of the plant into an engineering center.
“Our work with ATREG has allowed us to find the best solution for Higashiura,” explains Yasushi Shimogaichi, chief strategy officer for JDI. “This acquisition will preserve jobs and allow for ongoing engineering innovation at the site.”
“While concerned about the size of the site and the short timeline to find and secure a buyer, ATREG brought multiple interested parties to the table and through a competitive process allowed JDI to select the best buyer for this well-designed, infrastructure-rich facility,” adds Stephen Rothrock, president and CEO of ATREG. “Congratulations to both parties on a successful outcome.”
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About ATREG, Inc.
ATREG is the only firm in the world dedicated to the holistic exchange of advanced technology manufacturing infrastructure. A linchpin of the semiconductor industry for nearly 25 years, ATREG has served as an objective intermediary in the transfer of over $30 billion in assets, acting as an indispensable conduit for the growth of its partners and the industry as a whole while remaining uniquely focused on aggregate asset deployment and human capital retention. For more information, please visit our web site, read our blog, or follow us on X and LinkedIn.
ATREG web site
Full Article: https://atreg.com/press/atreg-announces-completion-of-jdis-higashiura-japan-fab-sale-to-sony/