SEATTLE, August 20, 2025 – ATREG, Inc., the premier global firm in the semiconductor industry for brokering and executing the exchange of advanced technology cleanroom manufacturing assets, announced today that Haylo Labs has successfully acquired Plessey Semiconductors’ operational 200mm compound semiconductor fab located in Plymouth, UK. Headquartered in London, Haylo Labs is one of the UK’s leading British deeptech venture operators with extensive experience in the microLED space. The Plessey facility will continue to operate as an R&D center for the development of display technology, R&D prototyping, and low-volume manufacturing, building on the extensive legacy that Plessey has established in the UK semiconductor industry.
“ATREG’s deep global semiconductor industry market knowledge proved invaluable in connecting us with the ideal buyer for our Plymouth manufacturing facility,” explains Keith Strickland, CEO of Plessey Semiconductors. “The highly competitive global process ATREG ran brought a broad array of qualified buyers to the table and ensured that the Plessey legacy of semiconductor excellence will continue with Haylo. Most importantly, it provides stability and a long-term future for our employees and the local community.”
“Premium fab acquisition opportunities such as the Plessey Plymouth fab are few and far between in the European market,” adds Stephen Rothrock, president and CEO of ATREG. “Over the past five years, the facility has established itself as a leader in the microLED ecosystem and will continue to play a vital role in the local community under Haylo’s ownership. Congratulations to both parties on a successful outcome.”
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About ATREG, Inc.
ATREG is the only firm in the world dedicated to the holistic exchange of advanced technology manufacturing infrastructure. A linchpin of the semiconductor industry for the past 25 years, ATREG has served as an objective intermediary in the transfer of over $30 billion in assets, acting as an indispensable conduit for the growth of its partners and the industry as a whole while remaining uniquely focused on aggregate asset deployment and human capital retention. For more information, please visit our web site, read our blog, or follow us on X and LinkedIn.