SOURCE: AG Semiconductor Services

AG Semiconductor Services

December 05, 2012 14:14 ET

AG Semiconductor Services Enters Remarketing Business

Experienced Team to Provide Industry-Leading Service and Support to Customers in the Refurbished Electronics Manufacturing Equipment Market

SANTA CLARA, CA--(Marketwire - Dec 5, 2012) - AG Semiconductor Services, LLC (AGSS), one of the largest global suppliers of used electronics manufacturing equipment and leader in managing large scale turnkey projects, announced the formation of a new remarketing services division targeting 150, 200 and 300 mm semiconductor, IC test/assembly and printed circuit assembly equipment. The company has made a significant investment in personnel and business systems to ensure its ability to deliver a full slate of remarketing services in addition to the purchase and sale of surplus semiconductor manufacturing equipment, turnkey solutions, inventory management, market metrics, compliance control and the ability to reach the largest number of buyers.

"Remarketing machinery is both time consuming and costly, requiring substantial resources and in-depth knowledge of the entire sales process, from exacting equipment configurations to sales, marketing, and regulatory issues to name a few," said Albert Vasquez, Managing Director of AGSS. "We recognized these challenges from the start, which drove our decision to bring in a seasoned team to ramp up our remarketing activities. We are confident in our ability to offer all necessary services to help clients convert surplus manufacturing equipment into cash, quickly and efficiently."

The majority of AGSS' new remarketing team came to the company from the former GE Capital Global Electronics Services' (GES) remarketing business. With these hires, AGSS put into place an established and experienced team to ensure it could provide the highest level of service to its remarketing customers. The team brings years of knowledge about the electronics manufacturing industry; each employee has on average over 15 years of experience in the used equipment market. AGSS now has the largest sales force dedicated to refurbished electronics manufacturing equipment. At the same time, AGSS has invested heavily in the requisite business systems to successfully manage its remarketing program, including a powerful database to track equipment purchases, sales and assets and customers worldwide.

"We are aggressively growing our remarketing services within AGSS and are very confident that this is the team to execute our plans," said Vasquez. "These individuals bring longstanding relationships with customers, recognized integrity and deep industry knowledge. Our remarketing services division is a critical piece of our growth plan and positions us as the premier used equipment products and services company in the industry."

About AGSS
AG Semiconductor Services, LLC is a leading provider of second-hand electronics manufacturing equipment and services. The company specializes in reselling pre-owned semiconductor manufacturing, IC test/assembly and printed circuit board assembly equipment acquired from leading electronics manufacturers around the world. Although we acquire individual tools on a selective basis, most tools are purchased in bulk from major fab closures or offered by our Remarketing Services customers.

Contact Information

  • Agency Contact:
    Lora Martinez
    Impress Labs
    E: Email Contact
    Ph: 303-941-6110

    Company Contact:
    Jeff Vairora
    AG Semiconductor Services
    E: Email Contact
    Ph: 408-986-6904