AG Semiconductor Services, LLC, is engaged in the business of buying and selling used semiconductor manufacturing equipment, both for itself and others. AG Semiconductor Services and/or its principals and predecessor entities (collectively, “AGSS”) have acquired equipment with an aggregate original equipment cost in excess of $2.5 billion, making it one of the largest nonuser buyers of such equipment in the world. AGSS has acquired equipment from many well-known end users, including Agere, AMD, Freescale, Fujitsu, GlobalFoundries, Hynix, IBM, Infineon, Intel, Lucent, Philips, Samsung and Toshiba.
AGSS has sales representatives in the United States, Europe and Asia. We are an approved vendor under the U.S. government’s “System for Awards Management” and also qualify as a “small business concern” under current Small Business Administration regulations.
Financial History
Relationships with JA Mitsui and Angelo Gordon
In December 2014, an affiliate of JA Mitsui Leasing, Ltd. made a substantial investment in AGSS, and also partnered with AGSS and its principals to acquire a substantial portfolio of semiconductor manufacturing equipment. See http://www.jamitsuilease.co.jp/en/. The acquired portfolio had previously been owned by affiliates of Angelo, Gordon & Co., an investment firm based in New York. Prior to the investment by JA Mitsui Leasing, AGSS had partnered with Angelo, Gordon & Co. on numerous occasions to acquire substantial portfolios of semiconductor equipment. Angelo, Gordon & Co. manages over $20 billion across a number of disciplines, including private equity, real estate and distressed debt. See www.angelogordon.com.
Financial Information
AGSS is a private company and does not publicly disclose information about its financial performance or funding arrangements. AGSS does not have any debt, and virtually all portfolios of equipment that AGSS and its affiliates have purchased over the past two decades have been acquired with 100% equity capital. Given the cyclical volatility in the semiconductor capital equipment business, the high costs of storing and maintaining used equipment, and the difficulty of predicting the precise timing and proceeds from equipment sales, AGSS has avoided the use of debt to purchase equipment.