History

AG Semi is a special purpose financial entity that was created in 2001 by the principals of AG Semi Services and an investment partner (see below) to purchase substantial portfolios of second hand semiconductor manufacturing equipment.

Since 1999, AG Semi and its predecessors and principals have acquired three complete plants and six production lines representing a combined original equipment cost (OEC) of over $1.5 billion, approximately a third of which have consisted of 150 mm tools and two thirds of which have consisted of 200 mm tools. Substantially all of AG Semi's current inventory consists of 200 mm tools.

Financial Backing

AG Semi's principal financial partner is Angelo, Gordon & Co., an investment firm in New York that manages approximately $13 billion across a number of disciplines, including private equity, real estate and distressed debt. See www.angelogordon.com. AG Semi's long and successful relationship with Angelo, Gordon has made it possible to close large transactions on short notice, typically within 30-90 days.