SAN JOSE, Calif. The Cullen Group, a real estate and development firm, said that it has become the listing agent for a wafer fab facility and backend assembly plant in Thailand.
The plants in Thailand are owned by a company called B Square Enterprise Co. Ltd. The plants were apparently part of Alphatec Electronics, which tried but failed to build Thailand's first semiconductor fabs in the 1990s.
The facilities, which do not come with fab or assembly equipment, are up for sale or could be acquired in the form of a joint venture, said Robert Cullen, principal member of The Cullen Group (San Jose).
The Cullen Group represents developers, investors, lenders, and business users in the acquisition, development, financing, sale and leasing of real estate. It has acted as a principal and joint venture partner in real estate development projects.
The firm is listing two facilities in Thailand. The first, a fab facility, is located in an industrial park, just outside Bangkok. The three-floor plant consists of the infrastructure to support 0.5- to 0.25-micron water fabrication technologies. The plant has a manufacturing capacity up to 25,000 wafers per month.
The firm is also listing a 270,000-square-foot facility built in 1988 that can be used for design, engineering, manufacturing, assembly, testing, packaging, and shipping.
The separate fab and assembly operations were part of Thailand's Alphatec (Bangkok). In the 1990s, Alphatec attempted to build Thailand's first semiconductor front-end fabs, but failed amid a financial crisis.
At the time, Alphatec had two troubled wafer fab projects Submicron Technology and the now-defunct, joint DRAM venture with Texas Instruments, which was called Alpha-TI Semiconductor Co. In 1997, TI scrapped the venture after Alphatec was unable to raise capital for the project (see Dec. 23, 1997 story).