Mattson sells wafer-cleaning unit to SCP
By Semiconductor Business News
February 12, 2003
URL: siliconstrategies.com
FREMONT, Calif.--Mattson Technology Inc. here today announced plans to sell its wafer-cleaning unit to SCP Global Technologies Inc., a Boise, Idaho-based wet processing equipment provider.
The transaction involves the transfer of certain subsidiaries, assets and intellectual property related to Mattson's Wet Products Division. As part of the transaction, Mattson will retain the rights to all future royalty and settlement payments under previously announced agreements with Dainippon Screen Manufacturing Co., Ltd.
The transfer of the Wet Products Division will result in a one time restructuring charge for Mattson.
"This transaction reinforces our strategic focus on extending our leadership in next-generation RTP and strip solutions and strengthens SCP's position in the wet clean market,” said David L. Dutton, chief executive officer of Mattson, in a statement.
Mattson Technology and SCP are in discussions to form a strategic alliance to develop integrated cleaning technologies for transistor formation, post-etch and implant process wafer cleaning and pre-thermal wafer process cleaning.
Under the alliance, Mattson and SCP will cross license intellectual property, which they believe will significantly increase each of their development efficiencies and enable them to optimize the value and "time to market" of projects they jointly develop.
Fremont-based Mattson also reported sales of $49.2 million for the quarter, a decrease of 19% in the third quarter of 2002, and an increase of 1% from the fourth quarter of 2001. Net loss for the fourth quarter of 2002 was $31.9 million, or $(0.71) per share, compared to a net loss of $12.0 million, or $(0.27) per share for the third quarter of 2002, and a net loss of $67.1 million, or $(1.81) per share, for the fourth quarter of 2001.
Results for the fourth quarter of 2002 included an $11.1 million restructuring charge related to a reduction in force, the reorganization of EPI operations, fixed asset write offs and impairment of long-lived assets related to the Wet Division. |
