Boston Semi KK Begins Operating Leasing Activity in Japan with Major Test House
Boston Semi K.K., a subsidiary of Boston Semi Equipment LLC (BSE Group), and its partner, Showa Leasing Co., Ltd. (Tokyo, Japan), a member of the Shinsei Bank Group, today announced the commencement of operating leasing activity in the Japanese semiconductor market. The partnership has placed approximately $5 million worth of equipment under lease for image sensor applications at a major test house in the Kyusyu area.
“We are now realizing the synergy of our relationship with Showa, which facilitates the expansion of our semiconductor equipment business within the Japanese market,” commented Bryan Banish, Boston Semi Equipment president and CEO and Boston Semi K.K. representative director. “We offer ways for Japanese companies to adjust their manufacturing capacity to meet market demand. Boston Semi K.K.’s ability to lease equipment and our activity in the secondary market offers flexible capacity options to Japanese companies that have not previously been available to them.”
Boston Semi K.K. provides equipment valuation, flexible lease options and opportunities for customers to buy equipment from and sell to the secondary market. Together with Showa Leasing, the companies offer both flexible financing to customers as well as the purchase and sale of equipment in the secondary market. This is the first piece of business for the companies since their partnership was established late last year.
“Our partnership with Showa Leasing brings an innovative approach to equipment financing and gives customers in the Japanese market a unique offering to better manage their capacity requirements,” said Banish.