Axcelis Announces Multiple New Penetrations and Follow-on Shipments of Purion Power Series Implanters to Silicon Carbide Chipmakers Globally

Rhea-AI Summary

Axcelis Technologies, Inc. (NASDAQ: ACLS) announced significant shipments of its Purion Power Series™ ion implanter systems to silicon carbide (SiC) power device manufacturers across Asia, Europe, and the U.S. These advanced systems, including the Purion H200™, Purion XE™, and Purion M™, support high-volume production for electric vehicle applications. The company forecasts that power device shipments will account for 35% to 40% of total system shipments in 2022, with further growth anticipated in 2023. CEO Mary Puma noted the rapid growth in the SiC power device market, driven by the shift toward electric vehicles.

Positive

• Significant shipments of Purion Power Series™ ion implanters to SiC chipmakers, indicating strong demand.
• Forecasts power device market will represent 35% to 40% of total system shipments, showing growth potential.
• Strong positioning in the growing electric vehicle market.

Negative

• Forward-looking statements include risks that actual results may differ, raising uncertainty for investors.

BEVERLY, Mass. , Jan. 19, 2023 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, today announced multiple new penetrations and follow-on shipments of the Purion Power Series™ ion implanter systems. The shipments were delivered to fabs throughout Asia, Europe and the US operated by leading SiC power device chipmakers. The models of Purion Power Series implanters purchased, including the Purion H200™ high current, Purion XE™ high energy and the Purion M™ medium current implanters, will be used in high volume production of power devices supporting automotive industry EV applications.

 "We forecast that the power device market will represent 35% to 40% of our systems shipments in 2022"

President and CEO Mary Puma commented, "The silicon carbide power device market continues to grow rapidly, driven by the transition to electric vehicles. The Purion Power Series is the leader in this segment due to its highly differentiated features and process control capabilities that are enabling for power device applications. We forecast that the power device market will represent 35% to 40% of our systems shipments in 2022, and we expect this to grow further in 2023."

Safe Harbor Statement
This press release contains forward-looking statements under the Private Securities Litigation Reform Act safe harbor provisions. These statements, which include our expectations for shipments to customers, are based on management's current expectations and should be viewed with caution. They are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are outside the control of the Company, including that customer decisions to place orders or our product shipments may not occur when we expect, that orders may not be converted to revenue in any particular quarter, or at all, whether demand will continue for the semiconductor equipment we produce or, if not, whether we can successfully meet changing market requirements, and whether we will be able to maintain continuity of business relationships with and purchases by major customers. Increased competitive pressure on sales and pricing, increases in material and other production costs that cannot be recouped in product pricing and instability caused by changing global economic, political or financial conditions could also cause actual results to differ materially from those in our forward-looking statements. These risks and other risk factors relating to Axcelis are described more fully in the most recent Form 10-K filed by Axcelis and in other documents filed from time to time with the Securities and Exchange Commission.

About Axcelis:

Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 40 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS: 
Maureen Hart (editorial/media) 978.787.4266 
Doug Lawson (investor relations) 978.787.9552

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SOURCE Axcelis Technologies, Inc.

FAQ

What recent shipments did Axcelis announce for ACLS on January 19, 2023?

Axcelis Technologies announced multiple shipments of its Purion Power Series™ ion implanters to silicon carbide power device manufacturers across Asia, Europe, and the U.S.

What is the significance of the Purion Power Series for Axcelis (ACLS)?

The Purion Power Series is crucial for high-volume production of power devices supporting electric vehicle applications, highlighting Axcelis's role in the growing industry.

How much of Axcelis's (ACLS) system shipments does the power device market represent?

Axcelis forecasts that the power device market will represent 35% to 40% of its total system shipments in 2022.

What challenges did Axcelis (ACLS) mention in its press release?

The company acknowledged various risks and uncertainties that could cause actual results to differ materially from its forward-looking statements.

Who is the CEO of Axcelis Technologies (ACLS), and what did they say about the SiC market?

CEO Mary Puma stated that the silicon carbide power device market is rapidly growing due to the transition to electric vehicles.