Renesas 300mm Yamagata, Japan fab sale to Sony Semiconductor

Renesas Exterior
“Our relationship with ATREG started in 2009 when the team assisted Renesas with the sale of our 200mm fab in Landshut, Germany and 200mm fab in Roseville, USA. Over the course of the past 18 months, ATREG has served again as our exclusive agent to sell two 300mm and 200mm operational fabs in Shiga and Yamagata in addition to a complete 200mm tool line in Kofu. We greatly value our long-standing relationship with ATREG and would highly recommend them as fab disposition advisors.”
Executive Vice President, CFO & Chief Administration Officer

Challenge

Renesas Electronics Corporation needed to dispose of its 300mm fab in Tsuruoka City, Yamagata Prefecture, Japan as a going concern in support of the company’s stated corporate reform plan.

Solution

Having carried out two operational fab transactions on behalf of Renesas in Europe and the USA, Renesas retained ATREG to sell its 300mm fab in Japan.

ATREG Value-Add

• ATREG's marketing campaign targeted only the most qualified firms that would consider purchasing the 300mm fab as a going concern.
• By leveraging ATREG’s knowledge of market demand, Renesas was able to conclude a sale of the fab to Sony Semiconductor, which had been seeking to significantly increase image sensor production.
• By selling the asset as a going concern, Renesas was able to eliminate substantial operating costs, retain the majority of the existing workforce, ensure a smooth transfer of wafer production, and execute on the company’s state reform plan.