INITIAL PRODUCTS TO BE SOLD INCLUDE CHEMICAL
MECHANICAL PLANARIZATION (CMP) SOLUTIONS FOR SILICON CARBIDE (SiC)
APPLICATIONS
Entegris, Inc. (Nasdaq: ENTG), a leading supplier of advanced
materials and process solutions for the semiconductor and other
high-technology industries, announced it has entered into a
long-term supply agreement with onsemi, a leading manufacturer of
advanced energy-efficient power semiconductors. Under the terms of
the agreement, Entegris will provide onsemi a broad range of
co-optimized chemical mechanical planarization (CMP) solutions for
silicon carbide (SiC) applications.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240807514328/en/
Silicon carbide technologies are
increasingly relied on by manufacturers in several industries,
including electric vehicles, power devices, renewable energy,
wireless communication, and cloud computing. (Photo: Entegris)
“Over the past four years, Entegris has leveraged its technology
and innovation to become a leader in the growing SiC market, and we
are pleased to enter into this long-term supply agreement with
onsemi. Entegris will provide our leading CMP solutions to onsemi
to assist the company in meeting the growing demands of its
customers and the overall market,” said Bertrand Loy, president and
CEO of Entegris.
While SiC offers critical advantages for the manufacture of
advanced semiconductors, it is a very hard material that is
naturally dense and chemically inert, making it difficult to
achieve the desired surface quality on the wafer. With its
complementary suite of CMP solutions including slurries, pads,
brushes, and post-CMP cleans, Entegris is a leader for CMP
solutions that enable the high-volume manufacture of SiC
wafers.
According to Dann Woodland, president of Entegris’ Materials
Solutions, “Entegris recognizes the compelling long-term prospects
of silicon carbide technologies, which are increasingly relied on
by manufacturers in a number of industries, including electric
vehicles, power devices, renewable energy, wireless communication,
and cloud computing. Our broad portfolio of CMP solutions enables
high-volume manufacturers of SiC wafers such as onsemi to polish
such wafers with high yield and low defectivity.”
“Both parties are excited about the opportunities that this
partnership presents. We believe Entegris is well-positioned to
offer complementary solutions, such as specialty gases, precursors,
and graphite, to meet onsemi’s needs across other semiconductor
manufacturing processes,” Mr. Woodland said.
“onsemi is one of only a few companies globally to manufacture
SiC-based semiconductors from crystal growth to advanced packaging
solutions, and we recognize Entegris’ ability to innovate and
provide the latest in CMP solutions for silicon carbide,” said Nana
Tseng, chief procurement officer and vice president external
manufacturing at onsemi. “The agreement with Entegris enables us to
reliably meet our customers’ rapidly increasing demand for
innovative technologies that improve the energy efficiency in their
applications.”
About Entegris
Entegris is a leading supplier of advanced materials and process
solutions for the semiconductor and other high-tech industries.
Entegris has approximately 8,000 employees throughout its global
operations and is ISO 9001 certified. It has manufacturing,
customer service and/or research facilities in the United States,
Canada, China, Germany, Israel, Japan, Malaysia, Singapore, South
Korea, and Taiwan. Additional information can be found at
www.entegris.com.
Cautions Regarding Forward Looking
Statements
This news release contains “forward-looking statements.” The
words “believe,” “expect,” “anticipate,” “intend,” “estimate,”
“forecast,” “outlook,” “project,” “should,” “may,” “will,” “would”
or the negative thereof and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements may include statements about fluctuations in demand for
semiconductors; global economic uncertainty and the risks inherent
in operating a global business; supply chain matters; inflationary
pressures; future period guidance or projections; the Company’s
performance relative to its markets, including the drivers of such
performance; market and technology trends, including the duration
and drivers of any growth trends; the development of new products
and the success of their introductions; the focus of the Company’s
engineering, research and development projects; and other matters.
These forward-looking statements are based on current management
expectations and assumptions only as of the date of this news
release, are not guarantees of future performance and involve
substantial risks and uncertainties that are difficult to predict
and that could cause actual results to differ materially from the
results expressed in, or implied by, these forward-looking
statements. These risks and uncertainties include, but are not
limited to, weakening of global and/or regional economic
conditions, generally or specifically in the semiconductor
industry, which could decrease the demand for the Company’s
products and solutions; the level of, and obligations associated
with, the Company’s indebtedness, including the debts incurred in
connection with the acquisition of CMC Materials, Inc. (now known
as CMC Materials LLC) (“CMC Materials”); risks related to the
acquisition and integration of CMC Materials, including
unanticipated difficulties or expenditures relating thereto, the
ability to achieve the anticipated synergies and value-creation
contemplated by the acquisition of CMC Materials and the diversion
of management time on transaction-related matters; raw material
shortages, supply and labor constraints, price increases,
inflationary pressures and rising interest rates; operational,
political and legal risks of the Company’s international
operations; the Company’s dependence on sole source and limited
source suppliers; the Company’s ability to meet rapid demand
shifts; the Company’s ability to continue technological innovation
and introduce new products to meet customers’ rapidly changing
requirements; substantial competition; the Company’s concentrated
customer base; the Company’s ability to identify, complete and
integrate acquisitions, joint ventures, divestitures or other
similar transactions; the Company’s ability to effectively
implement any organizational changes; the Company’s ability to
protect and enforce intellectual property rights; the impact of
regional and global instabilities, hostilities and geopolitical
uncertainty, including, but not limited to, the ongoing conflicts
between Ukraine and Russia and between Israel and Hamas and other
tensions in the Middle East, as well as the global responses
thereto; the increasing complexity of certain manufacturing
processes; changes in government regulations of the countries in
which the Company operates, including the imposition of tariffs,
export controls and other trade laws and restrictions and changes
to national security and international trade policy, especially as
they relate to China; fluctuation of currency exchange rates;
fluctuations in the market price of the Company’s stock; and other
risk factors and additional information described in the Company’s
filings with the U.S. Securities and Exchange Commission (the
“SEC”), including under the heading “Risk Factors” in Item 1A of
the Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2023, filed on February 15, 2024, and in the Company’s
other SEC filings. Except as required under the federal securities
laws and the rules and regulations of the SEC, the Company
undertakes no obligation to update publicly any forward-looking
statements or information contained herein, which speak as of their
respective dates.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240807514328/en/
Media: Connie Chandler Senior Director of Corporate
Communications +1 978 436 6546 connie.chandler@entegris.com
Investors: Bill Seymour VP of Investor Relations, Treasury
& Communications + 1 952 556 1844 bill.seymour@entegris.com
Entegris (NASDAQ:ENTG)
Historical Stock Chart
From Jul 2024 to Aug 2024
Entegris (NASDAQ:ENTG)
Historical Stock Chart
From Aug 2023 to Aug 2024
