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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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To: Proud_Infidel who wrote (1769)4/26/2006 10:28:46 AM
From: Proud_Infidel   of 1929
 
Varian Semiconductor Receives Repeat Orders From Elpida for Its VIISta HC
Wednesday April 26, 9:54 am ET

GLOUCESTER, MA--(MARKET WIRE)--Apr 26, 2006 -- Varian Semiconductor Equipment Associates, Inc. (NasdaqNM:VSEA - News) announced today that it has received multiple repeat orders from Elpida Memory, Inc. for its VIISta(TM) HC single wafer high current ion implanter. The tools are scheduled to be shipped to Elpida's 300mm fab in Hiroshima, Japan, in the next three months.

"We are very pleased to expand our growing relationship with Elpida," said Stan Yarbro, Executive Vice President of Varian Semiconductor's worldwide field operations. "They have been a very early adopter of single wafer high current tools and this decision demonstrates their confidence in our ability to deliver the most technologically advanced as well as cost effective solution to their high current implant needs.

Our VIISta HC single wafer high current ion implanter is a production proven system, which delivers higher productivity and superior particle performance. We are confident that the VIISta HC will continue to meet Elpida's requirements for their expansion, and we will continue to provide the best support to them."

About the VIISta HC

The global shift to single wafer ion implanters is driven by both the sensitivity of advanced devices to contamination and the requirement for precise implant angle accuracy. The VIISta HC single wafer ion implanter is the only system featuring a dual magnet ribbon beam architecture, which provides the highest productivity and lowest contamination levels in the industry. In addition, the VIISta HC's unique closed-loop Varian Positioning System (VPS(TM)) offers interlockable angle control for true zero degree applications. These features, combined with repeatable beam steering control, assure precise dopant placements required in sub-65nm devices. The VIISta HC is a member of the VIISta suite of ion implanters -- the only production-proven single wafer platform solution for all implant segments with over 400 systems installed worldwide.

About Varian Semiconductor

Varian Semiconductor Equipment Associates, Inc. is the leading producer of ion implantation equipment used in the manufacture of semiconductors. The Company is headquartered in Gloucester, Massachusetts, and operates worldwide. Varian Semiconductor maintains a web site at www.vsea.com. The information contained in the Company's web site is not incorporated by reference into this release, and the web site address is included in this release as an inactive textual reference only.

Note: This release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. For this purpose, the statements concerning the Company's performance, market share and technology leadership, technological capabilities and benefits are forward-looking statements and any statements using the terms "believes," "anticipates," "expects," "plans," or similar expressions are forward-looking statements. There are a number of important risks and factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, volatility in the semiconductor equipment industry; economic conditions in general and as they affect the Company's customers; significant fluctuations in the Company's quarterly operating results; the impact of rapid technological change; the Company's dependence on the development and introduction of new products; the Company's concentration on ion implantation systems and related products; concentration in the Company's customer base and lengthy sales cycles; the highly competitive market in which the Company competes; risks of international sales; foreign currency risks; and general economic conditions; and other factors identified in the Company's Annual Report on Form 10-K, and the most recent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release.

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Source: Varian Semiconductor
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