ASM SET TO INVEST AROUND $100M IN KOREAN R&D, MANUFACTURING OPERATION, SIGNS MoU WITH TRADE, ENERGY & INDUSTRY MINISTRY
02 Février 2023 - 03:00AM
ASM SET TO INVEST AROUND $100M IN KOREAN R&D, MANUFACTURING
OPERATION, SIGNS MoU WITH TRADE, ENERGY & INDUSTRY MINISTRY
Almere, The Netherlands –
Seoul, South Korea
February 2, 2023, 3:00 a.m.
CET
ASM intends to significantly expand its
manufacturing and innovation center in Dongtan, South Korea,
through a multi-year investment totaling around US$100 million by
2025.
ASM International N.V. (Euronext
Amsterdam: ASM) today announced its intention to invest around
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,
Industry and Energy of the Republic of Korea
(‘MOTIE’).
This investment will expand ASM’s R&D and
product-development infrastructure to meet the needs of technology
advances, as well as adding more manufacturing capacity. Korea is a
key site for ASM, where some of its most advanced applications are
developed – ASM’s ALD gap-fill applications are a recent and
successful example. These applications enable next-generation
advanced logic and memory devices, which are expected to see
increased usage in coming years.
“Rapid growth is expected until the end of the
decade for semiconductors, and – despite the recent slowing down in
the industry – ASM continues to invest for growth,” says Benjamin
Loh, CEO of ASM. “This expansion will not only serve our key Korean
customers, but all our customers worldwide will benefit from the
enabling technologies we develop in Korea.”
Lee Chang-yang, Korea's Minister of Trade,
Industry and Energy, says: “The intended investment by ASM is
expected to contribute greatly to increasing high-tech development
in our country, securing a stable semiconductor supply chain, and
increasing exports.”
Prior to signing the MoU, Minister Lee said that
with semiconductor devices getting smaller and smaller, the
increased investment in Korea by ASM – with its world-leading ALD
technology – would present good cause for the country to ‘exert
synergy’ with domestic semiconductor companies. Minister Lee also
expressed his willingness to cooperate closely with ASM as part of
the Korean government’s policy to foster and support the
semiconductor industry.
Dongtan has been instrumental in ASM’s growth,
with the facility delivering advanced R&D and technology for
customers in Korea and for global customers. Korea is also the
global center for ASM’s 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, the TENZATM ALD for ultra-high
aspect ratio (>100:1) gap-fill, and high-quality PEALD oxides
and nitrides for spacers, liners, and other patterning
applications.
The expansion of ASM’s Dongtan facility is also
required to create more space for the company’s fast-growing number
of employees in Korea, and reflects the increasing revenue
contribution from the Korean market expected over the next few
years.
The intended investment will deliver multiple
benefits to the local market. Of course, the expansion will create
new job opportunities, for the direct and indirect employment of
skilled personnel in engineering, R&D and manufacturing. In
addition to contributing to training and workforce development in
Korea, the investment will also benefit local supplier
partnerships.
ASM has been operating in Korea since 1989 and
established ASM Korea Limited in 1995. Since then, Korea has grown
into one of ASM’s key global technology development and
manufacturing sites with more than 450 employees.
The MoU has been signed but is conditional on
support and assistance from the Korean government, in terms of
grants and the speedy approval of all necessary permits.
This intended expansion follows the unveiling
last year of ASM’s state-of-the-art Singapore manufacturing
facility and operations hub, another step in the company’s growth
as it prepares to meet growing global customer demand for advanced
semiconductors.
About ASM International
ASM International N.V., headquartered in Almere,
the Netherlands, and its subsidiaries design and manufacture
equipment and process solutions to produce semiconductor devices
for wafer processing, and have facilities in the United States,
Europe, and Asia. ASM International's common stock trades on the
Euronext Amsterdam Stock Exchange (symbol ASM). For more
information, visit ASM's website
at www.asm.com
Cautionary Note Regarding Forward-Looking
Statements: All matters discussed in this press release, except for
any historical data, are forward-looking statements.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. These include, but are not limited to,
economic conditions and trends in the semiconductor industry
generally and the timing of the industry cycles specifically,
currency fluctuations, corporate transactions, financing and
liquidity matters, the success of restructurings, the timing of
significant orders, market acceptance of new products, competitive
factors, litigation involving intellectual property, shareholders
or other issues, commercial and economic disruption due to natural
disasters, terrorist activity, armed conflict or political
instability, changes in import/export regulations, epidemics and
other risks indicated in the Company's reports and financial
statements. The Company assumes no obligation nor intends to update
or revise any forward-looking statements to reflect future
developments or circumstances.
This press release contains inside information within the
meaning of Article 7(1) of the EU Market Abuse Regulation.
CONTACT
Investor and media contact:Victor BareñoT: +31
88 100 8500 E: investor.relations@asm.com
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MANUFACTURING OPERATION, SIGNS MoU
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