GLOUCESTER, MA today announced that the company plans to report its fiscal 2008 first quarter results after the market closes on Thursday, January 24, 2008.

A conference call to review the first quarter results and outlook for the second quarter of fiscal 2008 is scheduled to follow at 5:30 PM Eastern time that day.

A live webcast of the conference call will be publicly available on Varian Semiconductor's website at www.vsea.com. In addition to the live webcast, replays will be available to the public on Varian Semiconductor's website for two weeks.

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 website at www.vsea.com. The information contained in the company's website is not incorporated by reference into this release, and the website address is included in this release as an inactive textual reference only.

Contacts: Bob Halliday Executive Vice President and Chief Financial Officer 978.282.7597 or Mary Wright Director, Investor Relations 978.282.5859

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