News Article
Wafer fab equipment sell off makes way for license and foundry agreement
WJ Communications, Inc. has announced that it has sold its wafer manufacturing equipment and entered into a technology license and foundry agreement with AmpTech, Inc.
WJ Communications, Inc. has announced that it has sold its wafer manufacturing equipment and entered into a technology license and foundry agreement with AmpTech, Inc. The proceeds from the sale were approximately $1.8 million in cash and also included other considerations. Additionally, AmpTech entered into a lease agreement with the owner of the building for the former WJ Communications' Milpitas facility."Our specialised Milpitas wafer fab has served us well for many years, and we look forward to partnering with AmpTech to ensure a steady flow of wafers in the future," stated Bruce Diamond, President and Chief Executive Officer of WJ Communications. "The foundry agreements with AmpTech and GCS provide WJ a dual source strategy with qualified foundries and ensure capacity flexibility to meet the future needs of our customers.""The purchase of WJ's Milpitas fabrication equipment, combined with the license agreement, accelerates our technology roadmap and allows us to instantly leverage WJ's expertise in advanced proprietary process technologies," said Ray Milano, Chief Executive Officer of AmpTech.