Almere,
ASM intends to significantly expand its manufacturing and innovation center in Dongtan,
This investment will expand ASM’s R&D and product-development infrastructure to meet the needs of technology advances, as well as adding more manufacturing capacity.
“Rapid growth is expected until the end of the decade for semiconductors, and – despite the recent slowing down in the industry – ASM continues to invest for growth,” says
Prior to signing the MoU, Minister Lee said that with semiconductor devices getting smaller and smaller, the increased investment in
Dongtan has been instrumental in ASM’s growth, with the facility delivering advanced R&D and technology for customers in
The expansion of ASM’s Dongtan facility is also required to create more space for the company’s fast-growing number of employees in
The intended investment will deliver multiple benefits to the local market. Of course, the expansion will create new job opportunities, for the direct and indirect employment of skilled personnel in engineering, R&D and manufacturing. In addition to contributing to training and workforce development in
ASM has been operating in
The MoU has been signed but is conditional on support and assistance from the Korean government, in terms of grants and the speedy approval of all necessary permits.
This intended expansion follows the unveiling last year of ASM’s state-of-the-art
About
Cautionary Note Regarding Forward-Looking Statements: All matters discussed in this press release, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, epidemics and other risks indicated in the Company's reports and financial statements. The Company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances.
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
CONTACT
Investor and media contact:
T: +31 88 100 8500
E: investor.relations@asm.com
Attachment
- 20230202 ASM SET TO INVEST AROUND
$100M IN KOREAN R&D, MANUFACTURING OPERATION, SIGNS MoU
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