Unnamed bidder purchases former Hynix plant for $10M, auction house says
EUGENE, Ore. -- After years of vacancies, the former Hynix plant in west Eugene has a new owner.
An unnamed bidder bought the facility at auction for about $10 million according to the auction company Ten-X.
Broadcom, also known as Avago, was the previous owner of the site.
Less than a year ago, a representative of Broadcom said the company canceled their $400 million plan to upgrade the facility for its wireless semiconductor business.
"I was really concerned nobody was going to step up,” said commercial real estate broker John Brown. “A deal isn't done until it's done, and I don't know any of the details, but it's a good sign. Somebody is willing to come in here and pay millions of dollars for a facility, hopefully repurpose it, hopefully hire a bunch of people and hopefully get it back to being a producing asset in the community."
The Hynix plant closed down in 2008, putting over a thousand people out of work.