Asyst Technologies Receives Multimillion-Dollar Order From China's Grace Semiconductor
Grace Win Marks Continuation of Asyst's Total-Automation Market Leadership in Emerging China Market
FREMONT, Calif.--(BUSINESS WIRE)--Aug. 15, 2002-- Asyst Technologies, Inc. (Nasdaq:ASYT - News), a leading provider of integrated automation solutions that maximize the productivity of semiconductor manufacturing, today announced it has received a multimillion-dollar order from Grace Semiconductor Manufacturing Corp. (GSMC) of Shanghai, China. Asyst is the leading provider to China of standard mechanical interface (SMIF)-based isolation products for semiconductor-manufacturing automation, having won essentially all of this business to date from the region's two other semiconductor-manufacturing customers.
Dr. Winston Wong, CEO of GSMC, said, "GSMC is committed to being among the most efficient and competitive manufacturers of semiconductors. We selected Asyst because of their proven market-share leadership in 200mm isolation and work-in-process management products and their strong record of support and service throughout Asia."
Ken Leung, president, Asia-Pacific, for Asyst, said, "We are pleased and proud that Grace Semiconductor has chosen Asyst as its automation partner for its first fab. This win further validates our leadership position as the primary supplier of SMIF products to the China market."
Because Grace is expected to accept equipment in phases over the next 18 months, Asyst will only book a portion of the order in its current fiscal quarter ending Sept. 30, 2002, with the remainder booked in subsequent quarters.
Asyst is the world's leading supplier of 200mm wafer isolation (SMIF) and wafer-lot tracking technology, with an estimated market share in excess of 80 percent worldwide. In the foundry market, Asyst shipped its first SMIF products to a major Taiwanese foundry in 1989, and since that time, essentially every major foundry in the world has adopted the company's technology. In early 2001, the company received its first order from China, for the first China fab established by a major North American microelectronics manufacturer.
About Asyst
Asyst Technologies, Inc. is a leading provider of integrated automation systems for the semiconductor manufacturing industry, which enable semiconductor manufacturers to increase their manufacturing productivity and protect their investment in silicon wafers during the manufacture of integrated circuits, or ICs. Encompassing isolation systems, work-in-process materials management, substrate-handling robotics, automated transport and loading systems, and connectivity automation software, Asyst's modular, interoperable solutions allow chipmakers and original equipment manufacturers, or OEMs, to select and employ the value-assured, hands-off manufacturing capabilities that best suit their needs. Asyst's homepage is asyst.com
"Safe Harbor" Statement
Except for statements of historical fact, the statements in this press release are forward-looking. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include, but are not limited to: the volatility of semiconductor industry cycles, failure to respond to rapid demand shifts, dependence on a few significant customers, the transition of the industry from 200mm wafers to 300mm wafers, risks associated with the acceptance of new products and product capabilities, competition in the semiconductor equipment industry, failure to efficiently integrate acquired companies, failure to retain employees, losses of market share, and other factors more fully detailed in the Company's annual report on Form 10-K for the year ended March 31, 2002 and other reports filed with the Securities and Exchange Commission. |
