SOURCE: AG Semiconductor Services

AG Semiconductor Services

February 24, 2015 08:00 ET

AG Semiconductor Services and JA Mitsui Leasing Join Forces

Enhancing Financing Options for New and Used Equipment

STAMFORD, CT--(Marketwired - Feb 24, 2015) - AG Semiconductor Services, LLC (AGSS), one of the largest suppliers of used electronics manufacturing equipment, is pleased to announce that it has entered into a strategic relationship with JA Mitsui Leasing, Ltd. (JAML). As part of the relationship, JAML made a significant financial investment in AGSS, and JAML and AGSS together purchased a substantial portfolio of used semiconductor manufacturing equipment.

"Over the past several years, AGSS has undertaken a number of initiatives to strengthen and grow its business, including (a) a significant expansion of sales and support personnel in 2012 in connection with an engagement to remarket a substantial portfolio of equipment; (b) implementation of a robust CRM software system to support quoting, sales and inventory management activities, and (c) development of strategic relationships with key OEMs and third-party suppliers," said Albert Vasquez, a managing director at AGSS. "The new relationship with JAML further expands our capabilities by enabling AGSS to offer low cost financing options to credit-worthy customers."

AGSS continues to purchase and sell surplus semiconductor manufacturing equipment, while also providing customers with turnkey services such as refurbishment, reconfiguration, installation and warranty. Through its comprehensive support infrastructure, AGSS also continues to offer inventory management, market metrics and compliance control.

"JAML and AGSS are both committed to growing our businesses in the semiconductor industry. We are particularly excited about our new relationship because AGSS's extensive data on used equipment values and its proven remarketing capabilities will enable JAML to give maximum credit to residual equipment values, which in turn will enable JAML to offer extremely competitive financing options," said Kiyoshi Doi, general manager of the Global Electronics Department of JAML. "We look forward to working with existing and new AGSS customers to help meet their financing needs."

About JA Mitsui Leasing, Ltd.
JAML, together with its subsidiaries, provides lease and debt financing, across a range of asset types, and other financial services globally. We create new business opportunities and provide added-value services that meet diverse customer needs in areas such as financial performance, member support, sales promotion and asset management. More information available at www.jamitsuilease.co.jp/en/index.html

About AG Semiconductor Services
AG Semiconductor Services, LLC is one of the largest suppliers of used electronics manufacturing equipment in the world, and a leader in managing significant turnkey projects. The company specializes in reselling used semiconductor manufacturing equipment acquired from leading electronics manufacturers around the world. More information available at www.agsemiconductor.com

Contact Information

  • Company Contact:
    Rose Guerrero
    +1 408.986.6804
    Email Contact

    Press Contact:
    Lora Martinez
    Impress Labs
    +1 303.941.6110
    Email Contact