SAN JOSE, Calif. -- GES Inc., a used IC-equipment services company, has received its first of funding and plans to build a facility in Vietnam.
San Jose-based GES has raised funds from several real estate investors for the construction of a 100,000-square-foot technology and manufacturing center in Vietnam. The operation is located next to Intel Corp.'s IC-assembly and test plant in the Saigon Hi-Tech Park.
Separately, GES also gained some funding. The financing was led by IDG Ventures Vietnam (IDGVV). IDGVV was joined by Japan's IT-Farm Growth Investment Limited Partnership, and other private investors.
The financing is targeted for expansion of its global customer base and operational assets, including clean-room equipped facilities in Vietnam.
"The funds come at a high point for GES as we prepare to provide turnkey manufacturing service to our partners. With the infusion of capital, and invaluable advice from these investment firms, we expect substantial growth of our service portfolio to address the rising demand for our services," said Don Tran, CEO of GES, in a statement.