ASMI buys plot in Arizona for consolidation, R&D

ASMI buys plot in Arizona for consolidation, R&D

Business news |
By Nick Flaherty

European semiconductor equipment supplier ASM International has purchased a plot of land in Scottsdale, Arizona, to consolidate its local operations and boost R&D for the semiconductor megafabs being built.

The purchase is part of ASMI consolidating its multiple sites in Arizona, and for future expansion of R&D and support activities, following the growth in recent years.

The comes as Intel and TSMC are building multiple semiconductor fabs in Arizona to bring chip making back to the US. These are expected to be supported by the CHIPS and Science Act which also looks to support equipment suppliers to boost the local ecosystem. Last month ASM was awarded a distinguished supplier award from Intel, one of 22 companies in Intel’s global supply chain to win the award.

No financial details have been disclosed but the purchase is part of the €150-200 million total group capex targeted for 2023.

ASMI is headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture semiconductor equipment for Atomic Layer Deposition, epitaxy and vertical furnaces. It spun off its lithography activities in 1984 as a joint venture with Philips called ASML.


If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles