Electronics Production | December 05, 2007
Macquarie & Qimonda complete<br>operating lease transaction
Macquarie Electronics has announced the completion of a US$289 million operating lease transaction with Qimonda AG, headquartered in Munich, Germany.
The transaction involves a sale and leaseback agreement of 200 millimeter (mm) semiconductor manufacturing equipment located in Qimonda’s Richmond facility in Sandston, Virginia. Qimonda’s Richmond facility manufactures dynamic random access memory (DRAM) products for a wide variety of applications included in the computing, infrastructure, graphics, mobile and consumer areas. "This sale and leaseback agreement with Macquarie is a favorable, industry standard financial transaction and fits well to our 200mm production plans at Richmond. We are happy to have Macquarie as our partner," said Michael Majerus, Chief Financial Officer of Qimonda AG.