The unit, Qimonda North America Corp. and Qimonda Richmond L.L.C., each filed for creditor protection under Chapter 11 of the Bankruptcy Code on Feb. 20. Given the cost disadvantage of the mainstream chips manufactured in its 300-mm fab in Sandston, Qimonda has recently decided to wind this fab down.

At a Munich, Germany-based district court, the insolvency proceedings for the DRAM maker officially began this week.

The U.S. fab sale is subject to bankruptcy court approval. The advisory team, which will attempt to sell the fab, is comprised of Atreg, a division of Colliers International, Emerald Technology Valuations LLC and Gordon Brothers Commercial & Industrial.

The advisory team is initiating discussions with potential buyers who may consider operating the 300-mm fab which has an output of 38,000 wafer starts per month and is 65-nm capable. If a strategic buyer is not found, the advisory team will move quickly to a complete 300-mm tool line sale, and sale of the clean room manufacturing facilities in separate transactions.

"This is the first time an operational 300-mm fab has come to the market for sale. The fully automated, state-of-the-art Qimonda Richmond site was built and equipped at a cost of approximately $3 billion, and volume 300mm production began in 2005," said Stephen Rothrock, Managing Director of Atreg, in a statement.

By: DocMemory
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