The transaction involves a sale and leaseback agreement of 200 millimeter (mm) semiconductor manufacturing equipment located in Qimonda s Richmond facility in Sandston, Virginia.

Qimonda s Richmond facility manufactures dynamic random access memory (DRAM) products for a wide variety of applications included in the computing, infrastructure, graphics, mobile and consumer areas.

David Coons, President of Macquarie Electronics USA, said, "We are pleased to partner with Qimonda on this operating lease transaction, one of the largest semiconductor equipment leases completed in North America. 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.

"This sale and leaseback agreement with Macquarie is a favorable, industry standard financial transaction and fits well to our 200mm production plans at Richmond.

By: DocMemory
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