SEMI and SEC/N, the Surplus Equipment Consortium Network, Combine Forces to Better Address the Global Secondary Equipment Market
SAN JOSE, California – October 1, 2008 – To more effectively support and proactively guide the global secondary market for semiconductor equipment and related services through resource consolidation and focused leadership, SEMI announced today the acquisition of SEC/N®, the Surplus Equipment Consortium Network.
The global secondary market of used and refurbished semiconductor equipment will grow to over $8 billion in 2009 and have a significant impact on manufacturers of semiconductor equipment, buyers of secondary equipment and the global network of service, support and refurbishing companies that occupy this growing segment of the industry. SEC/N and SEMI have worked together closely for several years, sharing many common members and interests, and cooperating on seminars on the secondary market at many SEMI events. Approximately 60% of SEC/N’s current members are also SEMI members.
“Because of the well established infrastructure at SEMI, we believe that the SEC/N vision to advance ethical business practices and to develop and promote standards for the secondary equipment market throughout the world is achievable,” said Peter Page, president, R.B. High Tech Transport, Inc. and the former president of SEC/N’s Board of Directors. “SEMI’s global resources make it possible to reach a larger audience with information and educational programs, thereby providing an enhanced opportunity for achieving our goals.”
“We are pleased to strengthen our focus on the secondary equipment market, and believe this important agreement will allow us to create greater efficiency and value for our membership,” said Stanley T. Myers, president and CEO of SEMI. “By utilizing SEMI resources, existing members of SEC/N will be able to better leverage their expertise to establish and maintain meaningful business partnerships on a global scale.”
SEC/N has actively represented and promoted the best interest of reputable buyers, sellers and service providers of secondhand equipment since its founding in 1998. Incorporated as a nonprofit organization, SEC/N is an Arizona based, member led consortium of global companies committed to the intrinsic ideals of compliance, ethics and professionalism.
SEMI is the global industry association serving the manufacturing supply chains for the microelectronic, display and photovoltaic industries. SEMI member companies are the engine of the future, enabling smarter, faster and more economical products that improve our lives. Since 1970, SEMI has been committed to helping members grow more profitably, create new markets and meet common industry challenges. SEMI maintains offices in Austin, Beijing, Brussels, Hsinchu, Moscow, San Jose, Seoul, Shanghai, Singapore, Tokyo, and Washington, D.C. For more information, visit www.semi.org.