Varian Semiconductor Receives Orders From Major US Logic Chipmaker for Its VIISta(R) High Current and Medium Current Ion Implanters
Monday January 8, 10:00 am ET
GLOUCESTER, MA--(MARKET WIRE)--Jan 8, 2007 -- Varian Semiconductor Equipment Associates, Inc. (NASDAQ:VSEA - News) today announced that it has received orders for its VIISta HCP single wafer high current and its VIISta 900XP medium current ion implanters from an industry-leading, US-based logic manufacturer. This customer is switching to Varian Semiconductor's implanters after an extensive evaluation of these and competitors' products. The tools, which are expected to ship in the second quarter of calendar 2007, are initial orders in the first phase of a major chip manufacturing expansion project by this chipmaker.
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"Our high current and medium current tools were chosen for this project as a result of meeting this customer's rigid manufacturing requirements for superior beam angle control, particle performance, productivity and reliability," said Gary Dickerson, Chief Executive Officer of Varian Semiconductor. "Varian Semiconductor's single wafer platform is designed to help customers improve their productivity and drive higher yields. We look forward to continuing to work with this customer to meet their critical manufacturing needs for production-proven, high and medium current single wafer tools as their expansion project progresses."
The VIISta platform is the only complete production-proven suite of single wafer solutions for all medium current, high current and high energy applications. All of the VIISta products feature the Varian Control System (VCS™), the Varian Positioning System (VPS™) and a common single wafer endstation. This high degree of commonality across the VIISta platform provides flexibility in managing capacity, product mix changes, spare parts and training.
About Varian Semiconductor
Varian Semiconductor Equipment Associates is the leading supplier of ion implant equipment to semiconductor manufacturers, enabling them to pack more, higher performing transistors into computer chips that are revolutionizing the electronics industry. Varian Semiconductor's products are used by chip manufacturers worldwide to produce high-performance semiconductor devices. Customers have made Varian Semiconductor the market leader in ion implant because of its architecturally superior products that lower their costs and improve their productivity. The Company has ranked #1 in the VLSI Research Customer Satisfaction Survey nine times over the last 10 years. Varian Semiconductor operates globally and is headquartered in Gloucester, Massachusetts. More information can be found on Varian Semiconductor's web site at www.vsea.com.
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 and growth 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. |
