March 28, 2022
ASM Worldwide N.V. (Euronext Amsterdam: ASM) formally unveiled its state-of-the-art Singapore manufacturing facility and operations hub right now and introduced the groundbreaking of a second manufacturing ground on the web site. The opening ceremony was attended by Singapore Minister for Manpower and Second Minister for Commerce and Trade, Dr Tan See Leng, and by representatives of JTC Company and of the Singapore Financial Growth Board.
ASM’s Singapore enlargement comes amidst latest world chip shortages, and can allow ASM to capitalize on surging demand introduced on by accelerated digitalization tendencies. The ability, together with the primary manufacturing ground, was accomplished on the finish of 2020. Together with the second manufacturing ground, that can be production-ready early 2023, ASM’s capability in Singapore will quadruple, and world capability will greater than triple. On the Singapore facility ASM assembles and exams its superior deposition instruments, together with ALD and Epi, which might be crucial for the manufacturing of modern semiconductor gadgets.
The design of the brand new facility permits for a extra environment friendly manufacturing movement, and a better degree of flexibility, which has been significantly helpful to deal with the challenges of the business provide chain constraints not too long ago.
“This strategic funding is growing our capacity to satisfy our prospects’ demand and to help them transitioning to the following know-how nodes,” stated ASM Worldwide President and CEO Benjamin Loh. “The enlargement of our second ground will additional present us with the flexibleness to develop our income to our beforehand communicated goal of €2.8-3.4 billion by 2025, a CAGR of 16%-21% over a five-year interval. Our funding in Singapore is a vital step that may assist us place as a know-how chief within the pursuit of our Development by Innovation technique.”
Second Minister Dr Tan See Leng commented: “Past boosting its manufacturing capabilities and capability, ASM’s enlargement will even advance Singapore’s semiconductor sector by creating many new jobs and enterprise alternatives. We stand able to proceed partnering firms like ASM to develop their manufacturing footprint in Singapore and bolster Singapore’s place as a complicated manufacturing hub.”
The ASM Singapore facility was constructed with sustainability in thoughts and achieved the Inexperienced Mark Gold Plus certification. Elements together with sensible constructing monitoring and power effectivity, enhanced insulated constructing envelope and façade efficiency, greenery integrated into the design, water environment friendly fixtures and programs, and sustainable constructing supplies all contributed to this achievement.
“Backed by robust authorities help, Singapore is the perfect location for our world operations tapping into its highly-educated workforce and leveraging the in depth provide chain ecosystem within the area,” added Loh.
ASM’s Singapore operations have been instrumental in its progress. The native headcount has elevated by 2.5x during the last 5 years to roughly 850 folks by the top of 2021. Established in 2003, ASM in Singapore has transitioned over time in the direction of increased worth actions. Past manufacturing, the Singapore operations right now additionally embrace key features equivalent to Provide Chain Administration, worldwide IT, and International Individuals. This transition is illustrated by 50% of the workforce in Singapore having a level or increased qualification. Managers and professionals account for 42% of the native ASM workforce, of which 60% are Singaporeans.
Mr Tan Boon Khai, CEO of JTC, stated “We’re delighted to have ASM be a part of the established semiconductor ecosystem and broaden their footprint in our property. With its latest modern manufacturing facility, we hope to foster a robust spirit of collaboration and create a vibrant group for improvements to flourish. It will additional strengthen Singapore’s edge as a number one superior manufacturing hub.”
Mr Tan Kong Hwee, Government Vice President of Financial Growth Board commented: “We’re delighted that ASM has chosen Singapore for a serious enlargement of their world manufacturing capability. The semiconductor sector is a key pillar of Singapore’s manufacturing business with a various vary of capabilities, together with IC design, tools, R&D and superior manufacturing. We stay up for ASM’s progress and the creation of recent enterprise and job alternatives on this quickly rising sector.”
About ASM Worldwide
ASM Worldwide N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture tools and course of options to supply semiconductor gadgets for wafer processing, and have services in the US, Europe, and Asia. ASM Worldwide’s frequent inventory trades on the Euronext Amsterdam Inventory Change (image ASM). For extra data, go to ASM’s web site at www.asm.com.
Cautionary Notice Concerning Ahead-Wanting Statements: All issues mentioned on this press launch, apart from any historic knowledge, are forward-looking statements. Ahead-looking statements contain dangers and uncertainties that would trigger precise outcomes to vary materially from these within the forward-looking statements. These embrace, however aren’t restricted to, financial circumstances and tendencies within the semiconductor business usually and the timing of the business cycles particularly, foreign money fluctuations, company transactions, financing and liquidity issues, the success of restructurings, the timing of serious orders, market acceptance of recent merchandise, aggressive elements, litigation involving mental property, shareholders or different points, industrial and financial disruption on account of pure disasters, terrorist exercise, armed battle or political instability, adjustments in import/export rules, epidemics and different dangers indicated within the Firm’s studies and monetary statements. The Firm assumes no obligation nor intends to replace or revise any forward-looking statements to mirror future developments or circumstances.
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