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Almere, Netherlands – Seoul, South Korea
February 2, 2023, 3:00 AM CET
ASM plans to significantly expand its manufacturing and innovation center in Dongtan, South Korea through multi-year investments totaling approximately US$100 million by 2025.
ASM International NV (Euronext Amsterdam: ASM) today invests approximately US$100 million in its manufacturing and innovation center in Dongtan, South Korea by 2025 following the signing of a Memorandum of Understanding between ASM and the Ministry of Trade announced its intention to Republic of Korea Industry and Energy (‘MOTIE’).
This investment will expand ASM’s R&D and product development infrastructure to meet the needs of technological advancements as well as increase manufacturing capabilities. South Korea is an important base for his ASM, where some of its cutting edge applications are being developed. ASM’s ALD gapfill application is a recent success story. These applications will enable the next generation of advanced logic and memory devices and are expected to grow in use in the years to come.
ASM CEO Benjamin Loh said: “This expansion means that not only our major customers in South Korea, but all customers around the world will benefit from the enabling technology developed in South Korea.”
Lee Chang-yang, South Korea’s Minister of Trade, Industry and Energy, said:
Before signing the memorandum, Minister Lee said that as semiconductor devices are getting smaller and smaller, increased investment in South Korea by ASM, which has world-leading ALD technology, will help South Korea create “synergies” with domestic semiconductor companies. “It is a valid reason to demonstrate.” Minister Lee also expressed his willingness to work closely with ASM as part of the South Korean government’s policy to foster and support the semiconductor industry.
Dongtan has contributed to ASM’s growth and the facility provides advanced R&D and technology to Korean and global customers. South Korea is also ASM’s global center for his PEALD business. Technologies developed by ASM’s local R&D team have been at the heart of breakthrough innovations in the semiconductor industry, such as the ALD Quad Chamber Module (QCM) architecture, TENZA.TMs ALD for ultra-high aspect ratio (>100:1) gapfill and high quality PEALD oxides and nitrides for spacers, liners, and other patterning applications.
The expansion of ASM’s Dongtan facility is also necessary to create more space for the company’s rapidly growing workforce in South Korea, and is expected to contribute significantly to the expected revenue contribution from the South Korean market over the next few years. reflect an increase.
The intended investment will bring multiple benefits to the local market. Of course, this expansion will create new employment opportunities for direct and indirect employment of skilled personnel in engineering, R&D and manufacturing. This investment will not only contribute to training and workforce development in South Korea, but will also benefit partnerships with local suppliers.
ASM has been operating in South Korea since 1989 and established ASM Korea Limited in 1995. Since then, South Korea has grown to become one of his ASM’s key global technology development and manufacturing bases, with over 450 employees.
The MoU has been signed, but is conditional on support and assistance from the South Korean government in terms of grants and expedited approval of all necessary permits.
This purposeful expansion follows ASM’s state-of-the-art Singapore manufacturing facility and operations hub announced last year, as the company prepares to meet growing customer demand for advanced semiconductors around the world. Another step in growth.
About ASM International
Headquartered in Almere, the Netherlands, ASM International NV and its subsidiaries design and manufacture equipment and process solutions for manufacturing semiconductor devices for wafer processing, with facilities in the United States, Europe and Asia. . ASM International’s ordinary shares are traded on the Euronext Amsterdam stock exchange (symbol ASM). For more information, see his ASM website at: www.asm.com
Cautionary Note Regarding Forward-Looking Statements: All matters discussed in this press release, other than historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from forward-looking statements. These include general semiconductor industry economic conditions and trends, specifically industry cycle timing, currency fluctuations, corporate transactions, funding and liquidity issues, restructuring successes, timing of key orders, and markets. but not limited to: litigation related to new product acceptance, competitive factors, intellectual property, shareholder or other matters; commercial and economic disruptions due to natural disasters, terrorist activity, armed conflict or political instability; changes in import and export regulations; epidemics; and other risk company reports and financial statements referenced herein. We undertake no obligation, and do not intend, to update or revise any forward-looking statements to reflect future developments or circumstances.
This press release contains internal information within the meaning of Article 7 (1) of the EU Market Abuse Regulation.
contact
Investor and Media Contacts:
Victor Baleno
Phone: +31 88 100 8500
E: Investor.relations@asm.com
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