Saturday, October 2, 2021

ASM International Investor Day take away - the leader in ALD wafer processing equipment for the booming semiconductor industry

 ASM International, the leader in ALD wafer processing equipment for the booming semiconductor industry recently hold its annual investor day.

Highlights included:
  • Targeting revenue of €2.8-€3.4 billion by 2025 (2020-2025 CAGR of 16%-21%), gross margins of 46%-50% in 2021-2025, and operating margins of 26%-31% in 2021-2025;
  • Targeting Net Zero emissions by 2035 and 100% renewable electricity by 2024;1
  • Single-wafer ALD market expected to increase from $1.5 billion in 2020 to $3.1-3.7 billion by 2025;
  • Further capacity expansion of our new manufacturing facility to be production ready by early 2023.

3D device architecture evolution is continuing into all leading-edge semiconductor components. 3DNAND and FinFET are to be followed by GAA FETs and 3D-DRAM. Together with the need for new materials drives the demand for CVD and ALD processing equipment (ASM Investor Day 2021)

“I’m very excited to share the strong prospects for our company during our first Investor Day,” said Benjamin Loh, CEO of ASM International. “We project revenue to increase to €2.8–€3.4 billion by 2025, with operating margins of 26%-31% during the 2021-2025 period. Key inflections in next generation semiconductor devices such as complex 3D architectures and new materials, are expected to drive double digit growth in ASM’s key markets. Today we will also highlight new innovations in our products, enabling our customers’ technology roadmaps. Capitalizing on our innovative strength, early customer engagements and product differentiation, we are focused on maintaining our leading position in the ALD market and to further increase our market share in Epi.


The semiconductor market, historical and as forecasted by VLSI Research. By 2030 it will have doubled to USD 1 Trillion. (VLSI Research - ASM Investor Day 2021)

In view of the strong growth opportunities ahead of us we will further step up our R&D investments and strengthen our capabilities. In addition, with our new expanded manufacturing facility in Singapore completed just less than one year ago, we have now decided to prepare a further substantial capacity increase within this facility to be production ready by early 2023.


The Wafer Equipment market growth has reached a new level and will sustain it for years to come (VLSI Research - ASM Investor Day 2021).



ASM controls more than 50% of the single wafer ALD equipment market and intends to defend the market share going forward to 2025. The market is forecasted by ASM to more than double 2020 to 2025, reaching USD 3.1 to 3.7 billion by then. (ASM Investor Day 2021)

A further increase in our ambition to sustainability is a central element in our strategy. As an important next step we announce today our ambitious target to achieve Net Zero emissions by 2035 (scope 1, 2 and 3) and 100% renewable electricity by 2024. As we continue to drive growth through innovation, ASM is well positioned to create long-term value for all its stakeholders.”


ASM Roadmap for DRAM, 3D-NAND and Logic,  aligned with its leading-edge customer base. (ASM Investor Day 2021)

The Investor Day was held at 2:00 pm CET  and Q&A can also be followed through a live webcast after registering at: https://investorday.asm.com.

Presentation:LINK

UPDATE Q3 2021 GUIDANCE

ASM also announced that Q3 order intake is expected to be above €600 million, compared to previous guidance of €510-530 million, mainly driven by continued strong demand in the logic/foundry sector. Q3 net sales are expected to be in line with previous guidance €400-430 million.

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