Aviza Selling Assets To Sumitomo
Aviza Technology Inc., a Scotts Valley, Calif.-based provider of semiconductor capital equipment and process technologies, has agreed to sell certain assets to Sumitomo Precision Products Co. Ltd. The deal includes $10 million at closing, and up to $41 million in earn-outs. Aviza filed for Chapter 11 bankruptcy protection in June. It had become a public company via a reverse merger in 2005, but VC backer VantagePoint Venture Partners still held a significant stake.
17 August 2009•5 mins read
