ASM INTERNATIONAL UNVEILS EXPANSION IN SINGAPORE TO MEET GLOBAL CUSTOMER DEMAND FOR ADVANCED SEMICONDUCTORS
28 März 2022 - 7:00AM
ASM INTERNATIONAL UNVEILS EXPANSION IN SINGAPORE TO MEET GLOBAL
CUSTOMER DEMAND FOR ADVANCED SEMICONDUCTORS
Singapore,March
28, 2022
ASM International N.V. (Euronext
Amsterdam: ASM) officially
unveiled its state-of-the-art Singapore manufacturing facility and
operations hub today and announced the
groundbreaking of a second manufacturing
floor at the site. The opening ceremony was attended by Singapore
Minister for Manpower and Second Minister for Trade and
Industry, Dr Tan See Leng, and by
representatives of JTC Corporation and of the
Singapore Economic Development Board.
ASM’s Singapore expansion comes amidst recent
global chip shortages, and will enable ASM to capitalize on surging
demand brought on by accelerated digitalization trends. The
facility, including the first manufacturing floor, was completed at
the end of 2020. Including the second manufacturing floor, that
will be production-ready early 2023, ASM’s capacity in Singapore
will quadruple, and global capacity will more than triple. At the
Singapore facility ASM assembles and tests its advanced deposition
tools, including ALD and Epi, that are critical for the production
of leading-edge semiconductor devices.
The design of the new facility allows for a more
efficient manufacturing flow, and a higher level of flexibility,
which has been particularly beneficial to cope with the challenges
of the industry supply chain constraints recently.
“This strategic investment is increasing our
ability to meet our customers’ demand and to support them
transitioning to the next technology nodes,” said ASM International
President and CEO Benjamin Loh. “The expansion of our second floor
will further provide us with the flexibility to grow our revenue to
our previously communicated target of €2.8-3.4 billion by 2025, a
CAGR of 16%-21% over a five-year period. Our investment in
Singapore is an important step that will help us position as a
technology leader in the pursuit of our Growth through Innovation
strategy.”
Second Minister Dr Tan See Leng commented:
“Beyond boosting its manufacturing capabilities and capacity, ASM’s
expansion will also advance Singapore’s semiconductor sector by
creating many new jobs and business opportunities. We stand ready
to continue partnering companies like ASM to grow their
manufacturing footprint in Singapore and bolster Singapore’s
position as an advanced manufacturing hub.”
The ASM Singapore facility was built with
sustainability in mind and achieved the Green Mark Gold Plus
certification. Aspects including smart building monitoring and
energy efficiency, enhanced insulated building envelope and façade
performance, greenery incorporated into the design, water efficient
fixtures and systems, and sustainable building materials all
contributed to this achievement.
“Backed by strong government support, Singapore
is the ideal location for our global operations tapping into its
highly-educated workforce and leveraging the extensive supply chain
ecosystem in the region,” added Loh.
ASM’s Singapore operations have been
instrumental in its growth. The local headcount has increased by
2.5x over the last five years to approximately 850 people by the
end of 2021. Established in 2003, ASM in Singapore has transitioned
over time towards higher value activities. Beyond manufacturing,
the Singapore operations today also include key functions such as
Supply Chain Management, worldwide IT, and Global People. This
transition is illustrated by 50% of the workforce in Singapore
having a degree or higher qualification. Managers and professionals
account for 42% of the local ASM workforce, of which 60% are
Singaporeans.
Mr Tan Boon Khai, CEO of JTC, said “We are
delighted to have ASM be part of the established semiconductor
ecosystem and expand their footprint in our estate. With its newest
leading-edge manufacturing facility, we hope to foster a strong
spirit of collaboration and create a vibrant community for
innovations to flourish. This will further strengthen Singapore’s
edge as a leading advanced manufacturing hub.”
Mr Tan Kong Hwee, Executive Vice President of
Economic Development Board commented: “We are delighted that ASM
has chosen Singapore for a major expansion of their global
production capacity. The semiconductor sector is a key pillar of
Singapore’s manufacturing industry with a diverse range of
capabilities, including IC design, equipment, R&D and advanced
manufacturing. We look forward to ASM’s growth and the creation of
new business and job opportunities in this rapidly growing
sector.”
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.
CONTACT
Investor and
media contact:Victor
BareñoT: +31 88 100 8500 E: investor.relations@asm.com
- 20220328 ASM International unveils expansion in Singapore to
meet global customer demand for advanced semiconductors
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