What does this article mean for residents of Hillsboro? It means that when companys move to Hillsboro, more jobs are created and with jobs, housing is needed. Read through this and tell me your thoughts.Chip-maker Allvia buys Hillsboro plant
Portland Business Journal
Portland Business Journal
Chip-maker Allvia Inc. has acquired the 178,000-square-foot Hillsboro manufacturing plant once operated by Etec Systems Inc.
The Sunnyvale, Calif.-based company said over the next few months it will acquire the equipment to start chip-production in the plant some time next year.
It did not say how many people it plans to employ.
Allvia now manufactures in Sunnyvale. It will keep both facilities operating with a plan to eventually move full volume production to the Hillsboro site.
The company announced in February that it secured $5 million from private investors to expand its manufacturing capacity, bringing the total investment in the company to $25 million. It used a portion of those funds to acquire the Hillsboro property.
Allvia has not disclosed details of the acquisition. But commercial real estate firm Colliers International announced last week that the facility — at 21515 NW Evergreen Parkway and marketed as the “E-Tech Building” — was sold for $5.25 million to Jacques Ventures LLC of San Mateo, Calif.
The site was the previous home of Etec Systems Inc., a division of Santa Clara, Calif.-based chip-maker Applied Materials Inc. (Nasdaq: AMAT).
Applied Materials said in it’s 2008 annual report that it sold the Hillsboro building, 26 acres of Hillsboro land, and two Asian facilities, for $38 million in fiscal 2007.
The Sunnyvale, Calif.-based company said over the next few months it will acquire the equipment to start chip-production in the plant some time next year.
It did not say how many people it plans to employ.
Allvia now manufactures in Sunnyvale. It will keep both facilities operating with a plan to eventually move full volume production to the Hillsboro site.
The company announced in February that it secured $5 million from private investors to expand its manufacturing capacity, bringing the total investment in the company to $25 million. It used a portion of those funds to acquire the Hillsboro property.
Allvia has not disclosed details of the acquisition. But commercial real estate firm Colliers International announced last week that the facility — at 21515 NW Evergreen Parkway and marketed as the “E-Tech Building” — was sold for $5.25 million to Jacques Ventures LLC of San Mateo, Calif.
The site was the previous home of Etec Systems Inc., a division of Santa Clara, Calif.-based chip-maker Applied Materials Inc. (Nasdaq: AMAT).
Applied Materials said in it’s 2008 annual report that it sold the Hillsboro building, 26 acres of Hillsboro land, and two Asian facilities, for $38 million in fiscal 2007.
No comments:
Post a Comment