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Axcelis Technologies Inc - ACLS STOCK NEWS

Welcome to our dedicated page for Axcelis Technologies news (Ticker: ACLS), a resource for investors and traders seeking the latest updates and insights on Axcelis Technologies stock.

Axcelis Technologies Inc. (Nasdaq: ACLS) is a world-leading provider of equipment and services to the semiconductor manufacturing industry. For over 35 years, Axcelis has been a trusted partner for chipmakers globally, delivering cutting-edge solutions and expertise in the critical process of ion implantation. This process is essential for the fabrication of semiconductor chips used in everyday electronics such as smartphones, laptops, cameras, and more.

The company's suite of products includes advanced ion implantation systems, which form transistors that power electronic devices. Axcelis' Purion™ platform is renowned for its flexibility and advanced technology, catering to diverse needs from high current to high energy implants. The Purion Power Series™, particularly, addresses the growing demand in power device applications, including silicon carbide (SiC) technology, crucial for automotive, industrial, and energy applications.

Axcelis also offers comprehensive aftermarket services, including spare parts, equipment upgrades, maintenance, and customer training, ensuring maximum operational efficiency and longevity of its products. The company’s advanced technology center in Beverly, Mass., serves as a hub for innovation, collaborating with industry experts and customers to develop next-generation applications.

Financially robust, Axcelis continues to achieve record performance. In 2023, the company reported a 23% year-over-year growth, with revenues surpassing $1.1 billion. The strong market position is further evidenced by a $1.2 billion backlog at the year's end. Axcelis' strategic focus on the Asia Pacific region, which contributes significantly to its revenue, underscores its global outreach and market adaptability.

Recent achievements highlight Axcelis' leadership and innovation. The company showcased its latest technologies at SEMICON Korea 2024 and announced multiple shipments of its Purion Power Series™ to leading chipmakers worldwide. Axcelis also strengthened its board with new directors, bringing in valuable industry expertise.

As the semiconductor industry evolves, Axcelis remains committed to driving innovation and supporting its customers with state-of-the-art ion implantation solutions, ensuring a bright and technologically advanced future.

News

Axcelis Announces Participation in SEMICON China 2024

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Axcelis Technologies, Inc. (Nasdaq: ACLS) will sponsor the Power and Compound Semiconductor Forum at SEMICON China 2024, showcasing their ion implantation solutions. The event will feature a technical seminar on Ion Implantation and Applications for Power Devices. President and CEO Russell Low expressed enthusiasm for the Chinese market and the opportunity to offer their technology to chipmakers.
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AXCELIS STRENGTHENS ITS BOARD WITH THE ELECTION OF TWO DIRECTORS

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Axcelis Technologies, Inc. (ACLS) appoints Gregory Graves and Dr. Necip Sayiner to its Board of Directors, bringing valuable semiconductor industry expertise. Graves, with a background in finance and strategic planning, served at Entegris, Inc. and currently directs Skywater Technologies. Dr. Sayiner, known for his leadership at Renesas Electronics and Intersil Corporation, adds significant semiconductor product development experience. The appointments aim to drive Axcelis's growth to new heights.
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Axcelis Announces Financial Results for Fourth Quarter and Full Year 2023

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Axcelis Technologies, Inc. (ACLS) achieved record revenue for 2023, with a year-over-year growth of 23%. The company reported full-year revenue of $1.13 billion, a 23% increase from 2022, and a record for the company. Operating profit also increased by 25% to $265.8 million, with a net income of $246.3 million and diluted earnings per share of $7.43, a 35% increase from the previous year. The Purion Power Series™ product line continued to show strong growth, driving a significant increase in CS&I revenue. The company ended the year with a systems backlog of $1.2 billion. President and CEO Russell Low expressed confidence in the company's performance and outlook for 2025, citing strong execution and robust demand for their products.
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Axcelis Announces Participation in Upcoming Investor Conferences

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Axcelis Technologies, Inc. (ACLS) is set to participate in the Wolfe Research Inaugural Semiconductor Conference on February 14 and 15, 2024, and the Susquehanna Financial Group Thirteenth Annual Technology Conference on February 29, 2024, and virtually on March 1, 2024. The company's management will host one-on-one and small group meetings with interested investors at both events.
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Axcelis Announces Participation in SEMICON Korea 2024

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Axcelis Technologies, Inc. (ACLS) will showcase its Purion™ platform of ion implanters at SEMICON Korea 2024, held at the COEX Center in Seoul, Korea from January 31st to February 2nd. The company aims to provide semiconductor manufacturers with innovative ion implantation solutions, positioning itself as a leading supplier in the industry.
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Axcelis Updates and Increases Q4 2023 Guidance

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Axcelis Technologies, Inc. increased financial guidance for Q4 2023, with revenue expected to be above $300 million and full year 2023 revenue expectations reaffirmed above $1.1 billion. Earnings per diluted share for Q4 2023 are forecasted to be greater than $2.05. The company attributes its strong financial performance to strong execution, leadership position in the power device market, and expects continued growth in 2024 and 2025.
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Axcelis to Participate in the 26th Annual Needham Growth Conference

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Axcelis Technologies, Inc. (Nasdaq: ACLS) will be participating in the 26th Annual Needham Growth Conference on January 16-19, 2024. The company's management will present on January 17th at 3:45 p.m. Eastern Standard Time and will be available for one-on-one meetings. A live webcast of the presentation will be accessible to the public, with a replay available for 30 days on the company's website.
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AXCELIS KOREA AND COUNTRY MANAGER WIN TRADE AWARDS FROM THE REPUBLIC OF KOREA

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Axcelis Technologies, Inc. (Nasdaq: ACLS) and its subsidiary in South Korea, Axcelis Korea, received prestigious awards at the 2023 South Korea Trade Day event. Axcelis Korea was honored with the $100M Export Tower Award for exceeding $100 million in exports from its new Axcelis Asia Operations Center (AAOC) in South Korea, while its Country Manager James Park received the 'Bronze Tower Medal' for significant contributions to national industrial development through the promotion of trade.
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Axcelis Announces Multiple Shipments of Purion SiC Power Series Implanters to Leading Power Device Chipmakers in Europe and Asia

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Axcelis Technologies, Inc. (Nasdaq: ACLS) has announced the shipment of multiple Purion H SiC Power Series™ and the Purion M SiC Power Series™ ion implanter systems to leading power device chipmakers in Europe and Asia, as well as the closure of a Purion H200 SiC Power Series™ evaluation tool in Europe. These shipments will be used in high volume production of power devices for electric vehicle applications, reflecting the company's commitment to supporting customers' fab capacity expansion and growth in the power device market.
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Axcelis Announces Shipments of Purion XE High Energy and Purion H High Current Implanters to DRAM Memory Chipmakers

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Axcelis Technologies, Inc. (Nasdaq: ACLS) announced shipments of the Purion XE™ high energy and the Purion H™ high current implanters to multiple fabs in Korea and China to manufacture DRAM memory devices. The systems include a follow-on shipment to an existing customer in Korea and the penetration of a new customer in China. The systems shipped in the fourth quarter of 2023.
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FAQ

What is the current stock price of Axcelis Technologies (ACLS)?

The current stock price of Axcelis Technologies (ACLS) is $73.22 as of November 15, 2024.

What is the market cap of Axcelis Technologies (ACLS)?

The market cap of Axcelis Technologies (ACLS) is approximately 2.4B.

What does Axcelis Technologies Inc. specialize in?

Axcelis Technologies specializes in designing, manufacturing, and servicing ion implantation and other processing equipment used in semiconductor chip fabrication.

What are the key products of Axcelis Technologies?

Axcelis' key products include the Purion™ platform of ion implanters, which cater to high current, medium energy, and high energy implant needs, particularly in power device applications.

How does Axcelis support its products post-sale?

Axcelis provides extensive aftermarket services including spare parts, equipment upgrades, maintenance services, and customer training to ensure the longevity and efficiency of its products.

Where is Axcelis Technologies headquartered?

Axcelis Technologies is headquartered in Beverly, Massachusetts.

What financial achievements did Axcelis report for 2023?

In 2023, Axcelis reported record full-year revenue of $1.13 billion, a 23% increase from 2022, and an impressive systems backlog of $1.2 billion.

What is the significance of the Purion Power Series™?

The Purion Power Series™ is significant for its advanced capabilities in processing power devices, including silicon carbide (SiC) applications, which are crucial for automotive, industrial, and energy sectors.

How does Axcelis collaborate with the semiconductor industry?

Axcelis collaborates through its advanced technology center in Beverly, Mass., working closely with customers and industry experts to develop next-generation applications and process capabilities.

What recent strategic moves has Axcelis made?

Recently, Axcelis announced multiple shipments of its Purion™ systems to leading chipmakers worldwide and strengthened its board with new directors, enhancing its strategic and technological capabilities.

What upcoming events is Axcelis participating in?

Axcelis will participate in events such as SEMICON China 2024, where it will showcase its innovative ion implant technologies and host technical seminars.

What is the future outlook for Axcelis Technologies?

Axcelis expects continued growth driven by the robust demand for its Purion product family and strong financial performance, with a 2025 revenue model projection of $1.3 billion.

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Axcelis Technologies Inc

Nasdaq:ACLS

ACLS Rankings

#1839 Ranked by Market Cap
N/A Ranked by Dividends

ACLS Stock Data

2.42B
32.51M
1.2%
99.58%
5.49%
Semiconductor Equipment & Materials
Special Industry Machinery, Nec
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