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GES Funds Approximately $100 Million Sale/Leaseback Facility for FASL Japan Ltd.
August 22, 2003 |Estimated reading time: Less than a minute
San Diego — GE Global Electronic Solutions (GES) has sourced and structured an approximately $100 million equipment finance deal for FASL JAPAN Ltd., a 100 percent owned subsidiary of the new joint venture between AMD and Fujitsu.The deal was funded in conjunction with GE Capital Leasing of Japan and comprises the sale and leaseback of 143 pieces of equipment, including lithography, metrology, deposition/etch and implant/furnace. GES' unique AOD model, part of its Equipment Lifecycle Management process, includes all aspects a company needs to maximize every stage of their equipment lifecycle from acquisition, to optimization, and disposition (AOD).FASL JAPAN manufactures flash memory integrated circuits. It currently operates three fabs located in Aizu-Wakamatsu City 200 km north of Tokyo. GE Global Electronics Solutions (GES) offers equipment lifecycle management services for users of semiconductor manufacturing, automated test (ATE) and printed circuit board assembly (PCA) equipment. For more information, visit www.GEelectronicsweb.com.