CANTON, MA – EquipNet Inc. and Hangzhou E-Giant Semiconductor Tech Co., LTD (Hangzhou, China) have signed a joint venture partnership to expand the resale of semiconductor tools within the Chinese market. With 22,200 square meters of warehouse space across multiple cities in China, E-Giant specializes in the sale of full lines dedicated for semiconductor FABs and has an on-hand inventory consisting of 400+ assets. EquipNet’s well established Asset Redeployment Management System (ARMS), auction channel and individual asset sales strategy paired with E-Giant’s strong presence in China will bring together both companies experiences in order to revolutionize the remarketing efforts of front and back end tools within the Asian market.
“We are very excited to form this partnership with E-Giant”, noted Greg Feinberg, VP of Business Development in the electronics manufacturing and R&D spaces for EquipNet. Feinberg continued, “the ability to have a partner in China will help EquipNet grow its semiconductor footprint throughout the region and the knowledge and experience David and Jay Liu [E-Giant CEO and General Manager] have selling semiconductor tools will be beneficial to our corporate customers, while also helping service new clients”. Expanding off Feinberg’s thoughts, David is highly respected and widely connected in the industry and has established an impeccable reputation and loyal client base for E-Giant.
EquipNet continues to proactively make business decisions to strengthen its global presence in the semiconductor market while also enhancing the companies already well-established relationships with its corporate clients in the electronics space.
EquipNet is a global leader of surplus asset management solutions. The company is recognized for its proprietary asset management platform, its revolutionary industrial equipment marketplace, and its results-driven project management services. EquipNet’s diverse roster of clients includes Fortune 500 multi-national corporations, leading regional manufacturers, financial institutions, and corporate renewal professionals.
EquipNet solutions deliver maximized financial return while improving its client’s corporate image, adhering to their safety standards, and contributing to their sustainability initiatives. EquipNet’s exclusive contracts with fortune 500 clients yields a wide range of used electronics manufacturing equipment including but not limited to, electronic test and measurement equipment, RF testing assets, front and back end semiconductor tools, lab and analytical equipment, and PCB and SMT assembly equipment.
About Hangzhou E-Giant Semiconductor Tech Co., LTD
E-Giant is a reseller of semiconductor tools, specializing in full lines. The company’s experience in equipment trade, warehouse storage and logistics has guided E-Giant towards high volume purchases, within China and other countries across the world. E-Giant’s proficiency with heavy and sensitive equipment is the basis to its well-established services including, deinstallation, crating, transportation, storage and shipping.
David Liu had been CEO and GM for quite a few fabs prior to heading up E-Giant. At his last job (CEO, Hangzhou Lion Microelectronics Co LTD) he started to acquire whole production lines from fabs in US, Europe and Asia, and has purchased 6 whole lines in the past 9 years, with the last 2 lines (Fairchild in Salt Lake, UT; and Magnachip in South Korea) purchased at and after the establishment of E-Giant. David is highly respected and widely connected in the industry. E-Giant has an impeccable reputation and loyal client base.