Multiple End Markets Fueling Record Demand for Amtech Products
September 07 2021 - 7:00AM
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.
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“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.
For more information about Amtech, visit
www.amtechsystems.com.
About Amtech Systems, Inc.
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.
Cautionary Note Regarding Forward-Looking Statements
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210907005187/en/
Amtech Systems, Inc. Lisa D. Gibbs Chief Financial Officer (480)
360-3756 irelations@amtechsystems.com
Sapphire Investor Relations, LLC Erica Mannion and Mike Funari
(617) 542-6180 irelations@amtechsystems.com
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