Microchip Technology today announced it has engaged Macquarie Group to oversee the marketing and sale of its wafer fabrication facility (“Fab 2”) located in Tempe, Arizona. This decision is part of Microchip’s previously announced manufacturing restructuring plan supporting its strategic goal of enhancing operational efficiency and profitability.
The Fab 2 site, which includes installed and operational semiconductor equipment, will be marketed and sold under the guidance of the semiconductor and technology team within Macquarie’s Commodities and Global Markets business. Microchip’s product manufacturing and technologies in Fab 2 are being transferred to Fabs 4 and 5 in Oregon and Colorado, respectively. Those facilities remain key to Microchip’s long-term production and capacity plans.
“The closure and sale of Fab 2 is the latest development in our ongoing restructuring, demonstrating our efforts to resize our manufacturing footprint,” said Michael Finley, senior vice president of fab operations. “We believe Macquarie’s extensive experience in the marketing and disposition of assets from advanced equipment to complete facilities positions them well to oversee the sale of Fab 2.”
Don Trent, senior managing director in Macquarie Group’s Commodities and Global Markets business, added: “From equipment remarketing to semiconductor fab sales, Macquarie provides asset-focused solutions critical to semiconductor manufacturing operations. Having completed over 50 fab disposition projects, Macquarie is pleased that Microchip has entrusted us to facilitate the sale its wafer fabrication facility in Tempe.”
Having served the semiconductor industry for over 20 years, Macquarie’s semiconductor and technology team has a proven track record facilitating the acquisition or disposition of complete fabs on behalf of clients while maximizing asset value.
Microchip remains dedicated to its mission of offering outstanding technical support along with dependable delivery and quality. The company will continue to optimize its operations to better serve the evolving needs of the market and drive shareholder value.
