An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Amtech Systems Receives Multiple Orders for High Temperature Clustered 300mm Horizontal Diffusion Systems
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Amtech Systems, Inc. (NASDAQ: ASYS), headquartered in Tempe, Arizona, has announced multiple orders totaling $9.7 million for its automated clustered 300mm horizontal diffusion furnace systems designed for power semiconductor manufacturing. These orders are to be shipped by mid fiscal year 2024 and will be utilized in leading semiconductor fabs in North America and Asia. The BDF300 system, noted for its high market share in power device applications, is recognized for its ability to maintain higher process temperatures and prevent wafer slippage. CEO Michael Whang emphasized the technology's reliability, especially for automotive applications.
Positive
Received multiple orders valued at $9.7 million for 300mm horizontal diffusion furnace systems.
Orders to be shipped mid fiscal year 2024, indicating strong future revenue.
Systems to be installed in leading semiconductor fabs in North America and Asia.
Negative
None.
TEMPE, Ariz.--(BUSINESS WIRE)--
Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including thermal processing, wafer polishing, cleaning and related consumables and services used in fabricating semiconductor devices, such as silicon carbide (SiC), silicon power, and electronic assemblies with a focus on enabling technologies for electric vehicles (EV) and power efficiency applications, announced today multiple orders for fully automated clustered 300mm horizontal diffusion furnace systems used in power semiconductor manufacturing.
High Temperature Clustered 300mm Horizontal Diffusion System (Photo: Business Wire)
These orders, valued at $9.7 million, will ship mid fiscal year 2024. Horizontal diffusion furnaces are particularly suited for 300mm power semiconductor fabrication, offering higher process temperatures and superior prevention of wafer slippage. The systems will be installed in leading semiconductor IDM and foundry fabs in North America and Asia.
“The BDF300 is the market share leader in 300mm high temperature power device applications,” said Michael Whang, CEO of Amtech Systems. “We continue to see customers that serve key end-markets, such as automotive, choose this reliable and proven technology,” added Whang.
About Amtech Systems, Inc.
Amtech Systems, Inc. is a leading, global manufacturer of capital equipment, including thermal processing, chemical mechanical polishing (CMP) technology, wafer cleaning, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC), silicon power, electronic assemblies and modules focusing on enabling technologies for electric vehicles (EV) and power efficiency applications. We sell process equipment and services to semiconductor device and module manufacturers worldwide, particularly in Asia, North America and Europe. Our strategic focus is on semiconductor growth opportunities in power electronics, sensors and analog devices leveraging our strength in core competencies in thermal and substrate processing. Amtech's products are recognized under the leading brand names BTU International, Entrepix Inc., Bruce Technologies™, PR Hoffman™ and Intersurface Dynamics, Inc.
Certain information contained in this press release is forward-looking in nature. All statements in this press release, or made by management of Amtech Systems, Inc. and its subsidiaries ("Amtech"), other than statements of historical fact, are hereby identified as "forward-looking statements" (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995). The forward-looking statements in this press release relate only to events or information as of the date on which the statements are made in this press release. Examples of forward-looking statements include statements regarding Amtech's future financial results, operating results, business strategies, projected costs, products under development, competitive positions, plans and objectives of Amtech and its management for future operations, efforts to improve operational efficiencies and effectiveness and profitably grow our revenue, and enhancements to our technologies and expansion of our product portfolio. In some cases, forward-looking statements can be identified by terminology such as "may," "plan," "anticipate," "seek," "will," "expect," "intend," "estimate," "believe," "continue," "predict," "potential," "project," "should," "would," "could", "likely," "future," "target," "forecast," "goal," "observe," and "strategy" or the negative of these terms or other comparable terminology used in this press release or by our management, which are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. The Form 10-K that Amtech filed with the Securities and Exchange Commission (the "SEC") for the year-ended September 30, 2022, listed various important factors that could affect the Company's future operating results and financial condition and could cause actual results to differ materially from historical results and expectations based on forward-looking statements made in this document or elsewhere by Amtech or on its behalf. These factors can be found under the heading "Risk Factors" in the Form 10-K and in our subsequently filed Quarterly Reports on Form 10-Qs, and investors should refer to them. Because it is not possible to predict or identify all such factors, any such list cannot be considered a complete set of all potential risks or uncertainties. Except as required by law, we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events, or otherwise.
