homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


print  email to a friend  reprints add to mydjc  

April 2, 2024

ATREG

ATREG, a global firm in the semiconductor industry for brokering and executing the exchange of advanced technology cleanroom manufacturing assets, announced that the acquisition of Japan Display's (JDI) large operational LCD panel manufacturing facility located in Higashiura, Japan by Sony Semiconductor Manufacturing Corp. has officially closed. In May 2022, JDI announced that the company would end production at the Higashiura facility 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.” ATREG brought multiple interested parties to the table and through a competitive process allowed JDI to select the best buyer, according to Stephen Rothrock, president and CEO of ATREG. ATREG is based in Seattle, and has been in the semiconductor industry for nearly 25 years.




Email or user name:
Password:
 
Forgot password? Click here.