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Multiple End Markets Fueling Record Demand for Amtech Products
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Rhea-AI Summary
Amtech Systems, Inc. (NASDAQ: ASYS) reported record bookings exceeding $14 million in its Semiconductor segment for August, indicating robust demand across various markets. The company anticipates that these systems will start shipping in the fiscal first quarter of 2022. CEO Michael Whang highlighted that demand has continued into September with an additional $5.3 million in orders. Key products driving this growth include BTU reflow ovens and 300mm BDF diffusion furnaces, primarily for power semiconductor fabrication.
Positive
Record bookings of over $14 million in August for the Semiconductor segment.
Continued demand with an additional $5.3 million in orders during the first week of September.
Strong demand for BTU reflow ovens and 300mm BDF diffusion furnaces, indicating active participation in the semiconductor expansion cycle.
Negative
None.
TEMPE, Ariz.--(BUSINESS WIRE)--
Amtech Systems, Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power devices, analog and discrete devices, electronic assemblies and light-emitting diodes (LEDs), announced today record bookings in its Semiconductor segment for the month of August, totaling over $14 million, representing strong demand in multiple end markets and applications. The systems booked in August will begin shipping in the fiscal first quarter of 2022 and throughout the first half of fiscal 2022.
(Photo: Business Wire)
“These record bookings further validate that we are well positioned within the semiconductor and electronics markets and actively participating in the current expansion cycle,” said Michael Whang, Chief Executive Officer of Amtech. “We are pleased to see increased bookings across every Semiconductor product line, substantiating our market strategy and the value we bring to our all-important customers. These trends have continued through the first week of September, resulting in an additional $5.3 million of orders,” added Mr. Whang.
The demand for BTU reflow ovens came in equal parts from the resurgence of the automotive electronics SMT sector globally and from ovens used for advanced packaging applications, including BTU’s Pyramax TrueFlat configuration.
The 300mm BDF diffusion furnaces, key for power semiconductor fabrication, also saw surging demand in the past month, with follow-on bookings from multiple 300mm customers. Additional bookings came from BTU’s custom high-temp belt furnaces used for Direct Copper Bonding and other advanced applications.
Amtech Systems, Inc. is a leading, global manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power devices, analog and discrete devices, electronic assemblies and light-emitting diodes (LEDs). We sell these products 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 our core competencies in thermal and substrate processing. We are a market leader in the high-end power chip market (SiC substrates, 300mm horizontal thermal reactor, and electronic assemblies used in power, RF, and other advanced applications), developing and supplying essential equipment and consumables used in the semiconductor industry. Amtech's products are recognized under the leading brand names BTU International, 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). 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 greater China sourcing. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “would,” “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “predicts,” “potential,” “continue,” 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, 2020, 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 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.
