AG Semiconductor Services, a supplier of used electronics manufacturing equipment, announced it entered into a strategic relationship with JA Mitsui Leasing. As part of the relationship, JAML made a significant financial investment in AGSS, and JAML and AGSS together purchased a substantial portfolio of used semiconductor manufacturing equipment.

“Over the past several years, AGSS has undertaken a number of initiatives to strengthen and grow its business, including (a) a significant expansion of sales and support personnel in 2012 in connection with an engagement to remarket a substantial portfolio of equipment; (b) implementation of a robust CRM software system to support quoting, sales and inventory management activities, and (c) development of strategic relationships with key OEMs and third-party suppliers,” said Albert Vasquez, a managing director at AGSS. “The new relationship with JAML further expands our capabilities by enabling AGSS to offer low cost financing options to credit-worthy customers.”

AGSS purchases and sells surplus semiconductor manufacturing equipment, while also providing customers with turnkey services such as refurbishment, reconfiguration, installation and warranty.