TI needed to dispose of its operational 200mm / 150mm fab (GFAB) based in Greenock, Scotland, UK and find a suitable buyer interested in acquiring an older manufacturing asset to avoid a definitive fab closure and the loss of hundreds of local jobs.
In addition to working closely with officials in the Scottish government to ensure government support, the ATREG team deployed a comprehensive, large-scale global marketing campaign to find a suitable buyer for GFAB and brought Diodes Incorporated to the table. Headquartered in Plano, TX, Diodes is a leading global manufacturer and supplier of high-quality application-specific standard products within the broad discrete, logic, analog and mixed-signal semiconductor markets. The GFAB acquisition aligns well with Diodes’ strategic plan for significant revenue and profit dollar growth over the next several years. GFAB offers Diodes additional wafer fab capacity to support its product growth, in particular its automotive expansion initiatives, as well as excellent engineering skills and wafer fab know-how to support its technical and operational performance expectations.
• TI avoided a costly facility shutdown while preserving the workforce and ensuring that more than 300 manufacturing jobs remain in Scotland.
• The transaction ensured the continuity of production of TI’s analog products while the company transferred into its other wafer fabs.
• The deal streamlined the company’s manufacturing portfolio by shifting the small former National Semiconductor fab’s production into larger, more efficient fabs.