+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
*/
News Article

Aviza Technology and KB Home enter into property sale Agreement

News
Aviza Technology, Inc, a supplier of advanced semiconductor equipment and process technologies for the global semiconductor, compound semiconductor, nanotechnology and other related markets, announced that it has entered into an agreement to sell the property on which Aviza's worldwide headquarters and batch systems manufacturing facilities are currently located to KB HOME South Bay Inc. ("KBSB").
The stated purchase price in the agreement is $26,000,000, subject to upward or downward adjustment prior to closing based on a number of factors. If the purchase price is ultimately determined to be less than $22,000,000, Aviza has the right to terminate the agreement. "Our headquarters and batch systems manufacturing facilities are located on property that has drawn interest from various development firms and homebuilders alike since Aviza was formed in 2003," said Jerry Cutini, President and CEO of Aviza Technology, Inc. "We are currently evaluating other potential locations here in the South Bay Area for our headquarters and manufacturing facilities. Our agreement with KBSB provides us the time to explore all of those options so that we can make a decision that will benefit the company and our employees. However, we do not currently anticipate relocating our headquarters and manufacturing facilities prior to 2007."
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: