Welcome to our dedicated page for Amtech Systems news (Ticker: ASYS), a resource for investors and traders seeking the latest updates and insights on Amtech Systems stock.
Amtech Systems Inc. (ASYS) is a prominent player in the high-tech manufacturing industry, known for its cutting-edge solutions in the semiconductor sector. Headquartered in the United States, Amtech specializes in the design, production, and sale of advanced thermal processing equipment and consumables. These products are essential for the fabrication of semiconductor devices, including silicon carbide (SiC) and silicon power chips, electronic assemblies, and LEDs.
Amtech operates through two main segments:
- Semiconductor: This division focuses on creating and servicing thermal processing equipment and associated controls. These products are crucial for semiconductor manufacturers and are also utilized in the electronics, automotive, and other industries.
- Material and Substrate: This segment produces high-precision machinery and consumables for lapping and polishing materials. These materials include sapphire substrates, optical components, silicon wafers, various crystal materials, ceramics, and metal components.
With a strong global presence, Amtech also operates in Pakistan, Afghanistan, the UAE, and other regions. The company holds a significant market share in Pakistan, commanding 63% of the video and audio conferencing market. Known for its collaborations with industry giants like Cisco, Polycom, InFocus, Smart Tech, Barco, Extreme Networks, Optoma, Smart, Specktron, and Microsoft, Amtech delivers state-of-the-art technological solutions.
Amtech Systems is renowned for its commitment to delivering projects on time and within budget, thanks to its team of experienced business and technology professionals. The company boasts over 2,500 clients in Pakistan alone and maintains offices in more than five cities, including international locations in Afghanistan and the UAE. This extensive reach makes Amtech one of Pakistan's largest IT distribution and solution providers.
Amtech Systems, Inc. (ASYS) will announce its second quarter 2023 financial results on May 10, 2023, after market close. The earnings report will cover the period ending March 31, 2023. Following the announcement, a conference call will be held at 5:00 PM ET, featuring CEO Michael Whang, CFO Lisa Gibbs, and VP Paul Lancaster. They will discuss quarterly performance, current business conditions, and engage in a Q&A session. Investors can join the call by dialing 1-877-407-0784 for domestic callers or +1-201-689-8560 for international participants. A live webcast will also be accessible in the investor relations section of Amtech's website, with a replay available within two hours of the call for 30 days.
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.
Amtech Systems, Inc. (NASDAQ: ASYS) announced a $1.8M multi-unit order for high volume reflow systems, particularly the Pyramax reflow oven, from a leading OSAT customer. This order, set to ship from March through the third fiscal quarter of 2023, adds to over 300 units ordered by the customer, highlighting ongoing demand in advanced packaging applications despite industry uncertainties. CEO Michael Whang expressed optimism regarding this order's significance in the advanced computing market and praised the company's strong relationships in the OSAT sector.
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