Qimonda North America appoints advisory team to sell Sandston semiconductor assets

By Caroline Salls

Pittsburgh, April 2 - Qimonda North America Corp. has appointed an advisory team to assist in the sale of the company's semiconductor manufacturing assets in Sandston, Va., according to a company news release.

The advisory team is comprised of Atreg, a division of Colliers International, Emerald Technology Valuations LLC and Gordon Brothers Commercial & Industrial.

Qimonda said the team is initiating discussions with potential buyers who may consider operating the semiconductor assets.

If a strategic buyer is not found, the advisory team will sell the tool line and the clean room manufacturing facilities in separate transactions.

Qimonda North America, a U.S. subsidiary of Munich, Germany-based semiconductor memory products producer Qimonda AG, filed for bankruptcy on Feb. 20 in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 case number is 09-10589.

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