Plessey company ownership had reached the end of their investment horizon and was looking to sell the operational 200mm compound semiconductor fab to an entity who would continue to grow the fab's compound semi capabilities and legacy. Attracting buyers was challenging at the time the fab came to market, due to the global semiconductor sector experiencing a major downturn. The facility was designed for unproven microLED technology, presenting an additional challenge in identifying the right buyer.
Via an extensive global campaign, ATREG exposed the manufacturing asset to buyers in both the microLED and the broader compound semiconductor market, bringing multiple qualified offers to the table. Following the highly competitive global process ATREG engaged Haylo Labs, one of the UK’s leading deeptech venture operators with extensive experience in the microLED space.
• The Plessey legacy of semiconductor excellence will continue to provide stability and a long-term future in the local community under Haylo’s ownership, with more than 200 jobs preserved at the facility.
• Haylo Labs will continue leading-edge microLED development and production, leveraging the expansion capacity and spare cleanroom space for future growth.
• The Plessey facility will continue to operate as an R&D center for the development of display technology, prototyping, and low-volume manufacturing, building on the extensive legacy that Plessey has established in the UK semiconductor industry.
