ATREG, Inc. (Advanced Technology Resource Group), a Seattle-based global advisory firm to the semiconductor industry, announced today that it acted as the financial advisor to insolvency administrator Dr. Michael Jaffé on behalf of Qimonda Dresden GmbH & Co. oHG throughout the successful sale of all Qimonda Dresden’s remaining assets. Infineon Technologies AG (ticker symbol: IFX), a leading provider of semiconductor and system solutions addressing energy efficiency, mobility, and security headquartered in Munich, Germany, purchased these assets for €100,600,000. The transaction includes a 300mm production fab, a 300mm R&D fab, manufacturing equipment, as well as related support and administrative facilities.
“We are very pleased with the outcome of this transaction,” explains Barney Silver, senior vice president and principal at ATREG. “By working very closely with both the Qimonda Dresden and the insolvency administrator’s team, we ensured the timely execution of this sale, and reached a positive outcome for all stakeholders concerned.”