Qimonda to sell Va plant; advisers look for buyer - NBC12 - WWBT - Richmond, VA News On Your Side

Qimonda to sell Va plant; advisers look for buyer

Posted by Colby Rogers - email

RICHMOND, Va. (AP) - Qimonda North America Corp. is looking for a buyer for its Richmond-area semiconductor plant.

Qimonda North America said Thursday night in a news release that an advisory team will talk with potential buyers. The Sandston plant's tool line and clean room manufacturing facilities will be sold separately if a buyer isn't found.

Qimonda North America announced in early February that it would lose the Sandston plant, laying off 1,500 workers. The company said it filed for Chapter 11 bankruptcy protection on Feb. 20.

Its parent, German computer chip maker Qimonda AG, declared bankruptcy in January.

The advisory team's members are ATREG, Emerald Technology Valuations LLC and Gordon Brothers Commercial & Industrial.

(c) 2009. The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Powered by Frankly