The company also said that is is pursuing an arrangement to sell most of its assets to Sumitomo Precision Products of Hyogo, Japan, another manufacturer of equipment to make semiconductors.
Aviza, created in 2003, took over the former Watkins-Johnson manufacturing facility next to Skypark. In recent years, it has failed twice to complete a sale of the property so it could move to smaller facilities in Silicon Valley.
The value of its stock had dropped so far that the NASDAQ stock market had warned the company that it was about to be delisted.
FULL STORY IN THE JUNE 12 PRESS-BANNER