BelGaN's production site has three bidders
Two companies from Asia and one from Europe are looking to buy €20 million foundry site
Three candidates have come forward to purchase the BelGaN chip manufacturing site in Oudenaarde, Belgium. Two of the bidders are from Asia and one is from Europe, according to an article in The Brussels Times online newspaper.
The property spans over four hectares, including two clean rooms, and is located along the N60 in Oudenaarde, East Flanders.
BelGaN planned to become a leading 6 inch and 8 inch GaN foundry, developing GaN technologies and manufacturing GaN products for the high demands of the automotive market, amongst others. But it closed last year after the company went bankrupt, resulting in 440 job losses.
More than 80 percent of the high-tech equipment has already been sold, but bidding for the large company site was open until Wednesday 12th March at 7 pm.
“They are talking about increasing the workforce to 250 employees and more within three years,” curator Ali Heerman told the newspaper.
The bids meet the set conditions, including a minimum price and specific payment guarantees. The site’s value was estimated at around €20 million. However, Heerman did not confirm any exact figures. “The court still needs to authorise us to proceed with a private sale, but we are confident a decision will be made soon,” he is quoted as saying.
The sale is expected to be concluded in April 2025.
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