|
05 December 2007
Landmark semiconductor equipment operating lease completed in Virginia
SAN DIEGO, December 5, 2007 — Macquarie Electronics today 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 leading-edge 200 millimeter (mm) semiconductor manufacturing equipment located in Qimonda’s state-of-the-art 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.
Mr. David Coons, President of Macquarie Electronics USA Inc., said, "We are pleased to partner with Qimonda on this operating lease transaction, one of the largest semiconductor equipment leases completed in North America. A substantial challenge in the semiconductor industry remains controlling production costs while continuing to develop new technology and this agreement provides Qimonda with additional resources to carry out its strategic objectives. The structure of the transaction reflects the customized approach we take to creating solutions that provide low-cost financing and operational flexibility for our customers.”
"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.
About Macquarie Electronics
Macquarie Electronics is a member of the Macquarie Group and provides global asset management services to the semiconductor industry including operating lease financing, buying and selling of pre-owned assets, and remarketing surplus equipment. The Macquarie Group is a diversified international provider of banking, financial, advisory and investment services, with approximately US$200 billion of total assets under management (as of September 30, 2007). Headquartered in Sydney, Australia, Macquarie Group Limited (ASX: MQG) is a top 20 company listed on the Australian Securities Exchange with a current market capitalization of over US$19 billion. Macquarie employs more than 11,000 people in 25 countries. For more information about Macquarie Electronics, visit www.macquarie.com/electronics.
About Qimonda
Qimonda AG (NYSE: QI) is a leading global memory supplier with a broad diversified DRAM product portfolio. The company generated net sales of Euro 3.61 billion in its 2007 financial year and has approximately 13,500 employees worldwide. Qimonda has access to five 300mm manufacturing sites on three continents and operates five major R&D facilities. The company provides DRAM products for a wide variety of applications, including in the computing, infrastructure, graphics, mobile and consumer areas, using its power saving technologies and designs. Further information is available at www.qimonda.com .
For further information, please contact:
|
Paula Chirhart
Corporate Communications
Macquarie Group
Tel: +1 (212) 231 1239
|
Michael Kraft
Head of Public Relations
Qimonda AG
Tel: +49 (0)89 60088 1400
|
|
