SEATTLE, Aug. 12 /PRNewswire-FirstCall/ -- ATREG, a division of Colliers International, announced their formal appointment as advisor to IDT((R) )(NASDAQ: IDTI), in the sale of IDT's operational 200mm semiconductor manufacturing facility in Hillsboro, Oregon. The offering includes SMIF process tools and a potential wafer supply agreement.
The flexible Hillsboro campus, located in close proximity to the Portland-Hillsboro Airport, includes a 50,000 square foot class 1 cleanroom that manufactures standard logic, PLL, Network ICs, SRAM and Multiport semiconductor products. The 25-acre, 245,000 square foot facility can be expanded to accommodate future growth, potentially doubling production capacity.
"ATREG will focus on finding an operational purchaser for the IDT facility and its assets," stated Doug Barrett, senior vice president and director of ATREG. "A supply agreement with IDT, in-house failure analysis and test labs are components included in the offering and together with the size and location create a unique opportunity for a purchaser."
"The well-trained, highly motivated workforce provides potential acquirers with a significant head start to quickly and easily bring new products and processes on-line," said Mike Hunter, vice president of worldwide manufacturing for IDT. "The fab currently utilizes 0.35 through 0.13 micron process technologies that are efficient, stable and portable to new products."
IDT requests that all inquires are directed to ATREG, attention: Stephen Rothrock or Doug Barrett 206.515.4497.
ATREG, the semiconductor sales division of Colliers International, is a specialized team focused to help companies restructure advanced technology assets. Established in 1997 and co-directed by Stephen Rothrock and Doug Barrett, ATREG has represented some of the semiconductor industry's top companies in transactions totaling more than US$2 billion. ATREG sells operational semiconductor fabs, wafer supply agreements, process and product IP, complete tool lines, and fab infrastructure. For more information: www.ATREG.com.
With the goal of continuously improving the digital media experience, IDT integrates its fundamental semiconductor heritage with essential innovation, developing and delivering low-power, mixed signal solutions that solve customer problems. Headquartered in San Jose, Calif., IDT has design, manufacturing and sales facilities throughout the world. IDT stock is traded on the NASDAQ Global Select Stock Market((R)) under the symbol "IDTI." Additional information about IDT is accessible at www.IDT.com.
Media contact: Nanette Sorich 206-223-1265 firstname.lastname@example.org
SOURCE ATREG; IDT