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 <a href=“http://www.besttermpaper.com”>term paper</a> about this
--Gavin Harrison of Portland, OR
Jun. 7, 2010 at 09:33 AM
Apparently, in 2004, the campus (under Qimonda’s previous <a href=“http://www.chacha.com/category/corporate-info”>company</a> name “Infineon”) announced a billion dollar expansion of the plant, and they employed 2500 people at the beginning of 2008, when they filed for bankruptcy protection. Something seemed to have happened quickly, but now, it would be great to see this property turned into a great technology (maybe green?) which could really move Virginia forward.
--Gerry of Norfolk
Sep. 6, 2010 at 03:23 PM