"This transaction is an important structural alignment of our manufacturing strategy. And it provides a long-term perspective with new products and technologies for the Dortmund wafer fab and its employees," explains Elmos CEO Dr. Arne Schneider. "The ATREG team has been instrumental at bringing the right caliber of global buyers to the table and demonstrated the creativity needed in structuring a transaction model that met all of our business objectives." "Global demand for 200mm fab assets has been at an all-time high this year and we expect it to show no abatement in 2022," adds Stephen Rothrock, president and CEO of ATREG. "The unique structure of this transaction is a win-win for Elmos and Silex. We are very pleased with the outcome for both parties." Elmos will transfer all relevant assets and contracts directly linked to the fab into the newly founded stand-alone foundry operation. When the transaction closes, Silex will acquire 100% of the shares of the fab, including direct and indirect personnel under the leadership of the fab's former management.