A U.S. bankruptcy court in Delaware has approved the sale of the former Qimonda plant in Richmond, according to a report in today’s Richmond Times Dispatch.
Richmond Semiconductor LLC of Overland Park, Kansas, has submitted a bid to purchase the 210-acre campus in Sandston for $12 million. The property includes 1.3 million square feet of labs, offices, manufacturing space and a cafeteria.
Qimonda closed the semi-conductor plant and laid off more than 1,000 workers after filing for bankruptcy protection in Feb. 2008. The property assessed at more than $155 million early that year. As of Jan, 1, the valued had dropped to $34.4 million, according to the Times-Dispatch. The site is 15 minutes away from Richmond International Airport.
The property assessed at more than $155 million early that year. As of Jan, 1, the valued had dropped to $34.4 million, according to the Times-Dispatch - thinks that`s a pretty good deal, therefor for buyer. He`ll have companies name and brand so if you got investments you will got income and there`s no need to write term paper about this
--Gavin Harrison of Portland, OR
Jun. 7, 2010 at 09:33 AM