To: robert b furman who wrote (5695 ) 4/20/2018 10:32:37 AM From: Kirk © Respond to Empty solar fabs too.... Finisar got a deal on an empty building to build VCSEL arrays for Apple.... That building was for SunEdison to make wafers for solar... another "bubble stock" that many on SI liked before the Chinese took the rug out from under them.... much as many fear will happen to Micron.heralddemocrat.com Posted Oct 24, 2017 at 1:40 PM Finisar Chief Financial Officer Kurt Adzema returned a call from the Herald Democrat but said the company would have no comment on the purchase of the MEMC building. The company’s website said that Finisar fabricates its VCSEL lasers for datacom applications right down the road in Allen. It also has operations in California, Pennsylvania, China, Australia, Germany, Israel, Korea and Singapore. It employs around 13,000 people.In September 2009, MEMC Electronic Materials Inc., which later changed its name to SunEdison, announced plans to close its Sherman facility in stages in 2010 and early 2011 and then sell the property. The closure of the Sherman plant, as well as portions of another MEMC plant in Missouri, resulted in the termination of 540 employees from the company. The Sherman MEMC facility manufactured single crystal silicon ingots and wafers for semiconductor and solar photovoltaic applications and epitaxial wafers for advanced semiconductor applications. Built in 1997, the 693,404-square-foot building offers manufacturing, office, and shipping and receiving facilities on 76.8 acres. “The property originally cost about $200 million to build ,” Plotnik said in an earlier story about the building. “After you moved out all the equipment and the specialization equipment to China, the building’s value, probably if you were going to rebuild it, would be about $100 million. So if you can buy it at $21 million or something more than that, you bet (it’s a good deal).”
