ASM International

Last updated
ASM
Company type Naamloze vennootschap
Euronext Amsterdam:  ASM
AEX component
ISIN NL0000334118
Industry Semiconductor industry
Founded1968  OOjs UI icon edit-ltr-progressive.svg
FounderArthur del Prado
Headquarters,
Key people
Benjamin Loh (CEO), Paul Verhagen ( CFO), Pauline van der Meer Mohr (Chairwoman of the supervisory board)
ProductsEquipment for semiconductor fabrication
Revenue€1.7 billion (2021) [1]
€597.2 million (2021) [1]
€494.7 million (2021) [1]
Total assets €2.7 billion (end 2021) [1]
Total equity €2.2 billion (end 2021) [1]
Number of employees
4200 (end 2023)
Subsidiaries ASM Pacific Holding B.V. (minority shareholder of ASM Pacific Technology) [1] :14
Website www.asm.com

ASM (previously known as ASM International N.V., originally standing for Advanced Semiconductor Materials) is a Dutch headquartered multinational corporation that specializes in the design, manufacturing, sales and service of semiconductor wafer processing equipment for the fabrication of semiconductor devices. ASM's products are used by semiconductor manufacturers in front-end wafer processing in their semiconductor fabrication plants. ASM's technologies include atomic layer deposition, epitaxy, chemical vapor deposition and diffusion. [1]

Contents

The company was founded by Arthur del Prado (1931-2016) as 'Advanced Semiconductor Materials' in 1964. [2] From 2008 until 2020, son of Arthur del Prado, Chuck del Prado was CEO. ASM pioneered important aspects of many established wafer-processing technologies used in industry, including lithography, deposition, ion implantation, single-wafer epitaxy, and in recent years atomic layer deposition. Semiconductor equipment companies ASML, ASM Pacific Technology (ASMPT) and Besi are former divisions of ASM. [2] [3]

ASM headquarters is located in Almere, the Netherlands. The company has R&D sites in Almere (the Netherlands), Helsinki (Finland), Leuven (Belgium, near IMEC), Phoenix (Arizona), Tama (Japan), and Dongtan (South Korea). Manufacturing primarily occurs in Singapore and Dongtan (South-Korea). ASM also has sales & service offices across the globe, including United States, South Korea, China, Taiwan, Japan, Singapore and Israel. As of 2021, it has 3,312 staff, located in 14 countries. [1]

The shares of the company are listed on the Euronext Amsterdam. In March 2020, ASM was promoted to the AEX index. [4] ASM has a minority stake in ASM Pacific Technology, a Hong Kong-based company active in semiconductor assembly, packaging and surface-mount technology.

Technology

To create a semiconductor chip, many individual steps are performed using various types of wafer processing equipment, including photolithographic patterning, depositing thin layers, etching to remove material, thermal treatments, and other steps. ASM's systems are designed for deposition processes, when thin films, or layers, of various materials are grown or deposited onto the wafer. Many different thin-film layers are deposited to complete the full sequence of process steps necessary to manufacture a chip.

ASM's technology development is driven by its customers' goal to build faster, cheaper, and more powerful semiconductor chips with reduced energy consumption. This goal drives the need to shrink the dimensions of components on the chip, targeting to double the number of components per unit area on a chip every two years (Moore's law). As part of this scaling of dimensions, ASM supplies its customers – chip manufacturers – with machines that deposit ever thinner films of semiconductor materials. ASM also develops deposition processes for new materials to be used in semiconductor fabrication.

During the past 15 years, an increasing array of new materials has been introduced in the fabrication of chips. [5] These new materials were required to achieve the necessary performance improvements of chips, as outlined by Moore's Law. For instance, in 2007 in a MOSFET transistor, the silicon oxidegate dielectric was replaced with a high-κ, a material that has a higher electrical resistance than silicon oxide. In this particular case, ASM pioneered the chemical process and the new deposition method called atomic layer deposition during nearly a decade of R&D. [6] [7] In addition, increasingly precise deposition methods are required as components on a chip such as transistors moved from planar to 3D structures, like FinFETs in the past decade. [8] ASM has a leading position in single wafer atomic layer deposition (ALD). [7]

Research

ASM offers a number of methods and accompanying machines to deposit these thin films of materials. The company tries to expand the applicability of its deposition technologies and machines as much as possible. [9] R&D is critical in that effort. In 2021, the company spent 151 million euro on R&D (or 9% of its annual revenues). [1] R&D activities stretch from basic research of new materials to the application of new materials in chip manufacturing.

Products

ASM designs and sells both single-wafer deposition tools, in which the process is performed one wafer at a time, as well as so-called batch tools, in which the deposition is performed on multiple wafers at a time. The prices of the company's systems varies, but typically are multiple of million euros per system. The products of ASM can be categorized by deposition method:

Atomic Layer Deposition is a layer-by-layer process that results in the deposition of thin films one atomic layer at a time in a highly controlled manner. Layers are formed during reaction cycles by alternately pulsing precursors and reactants and purging with inert gas in between each pulse. ASM offers single wafer ALD tools in two technology segments: thermal ALD and plasma enhanced ALD (PEALD). ASM's ALD tools include Synergis, Pulsar and EmerALD. PEALD tools include Eagle XP8 and the XP8 QCM. [1]

Epitaxy is a process that is used for depositing precisely controlled crystalline silicon-based layers that are important for semiconductor device electrical properties. The silicon epitaxy process can be used to modify the electrical characteristics of the wafer surface to create high-performance transistors during the manufacturing of semiconductor chips. ASM's epitaxy tools are single wafer tools and include Intrepid and Epsilon. [1]

Chemical Vapor Deposition is a chemical deposition process in which the wafer is exposed to one or more volatile precursors, which react and/or decompose on the substrate surface to produce the desired film. Within Chemical Vapor Deposition (CVD) ASM offers two types of tools: single-wafer plasma enhanced CVD (PECVD) and batch low pressure CVD (LPCVD). ASM provides single-wafer PECVD processes on the Dragon XP8 tool. ASM provides batch LPCVD/diffusion processes on the vertical furnace A400 DUO and novel Sonora tools. [1]

History

1960s: In 1964, Arthur del Prado  [ nl ] founds ASM as 'Advanced Semiconductor Materials' in Bilthoven, the Netherlands. [10] Initially the company operates as a sales agent in semiconductor fabrication technology in Europe. In 1968, the company was formally listed as a private limited company.

1970s: ASM starts to design, manufacture and sell chemical vapor deposition equipment. [9] In 1974 it acquires Fico Toolings, a Dutch manufacturer of semiconductor molds. A Hong Kong sales office ASM Asia, now known and traded as ASM Pacific Technology, is established in 1975. ASM America is founded in Phoenix, Arizona, in 1976. Sale of ASM's horizontal plasma-enhanced chemical vapor deposition furnaces drive the company's growth.

1980s: Following an initial public offering on the Nasdaq in May 1981, the company expands. In 1982 ASM Japan is established. [2] ASM invests in new semiconductor fabrication technologies, like lithography, ion implantation, epitaxy, and wire bonding. In 1988, the company divests ASML Holding N.V., ASM Ion Implant, and it lists its Hong Kong based activities as ASM Pacific Technology on the Hong Kong stock exchange in 1989.

1990s: The company reorganizes thoroughly between 1991 and 1994. [3] In 1993, ASM divests ASM Fico to Berliner Electro Holding, now known as Besi. ASM focusses on vertical low-pressure chemical vapor deposition furnaces by ASM Europe, single wafer plasma-enhanced chemical vapor deposition by ASM Japan and single wafer epitaxy by ASM America. From 1996 onwards, the company is also listed on the Euronext, Amsterdam.ASM retains a majority stake in ASM Pacific Technology.

2000s: ASM expands again with investments in 300-mm wafer technology and atomic layer deposition. In 2007, the company successfully brings atomic layer deposition from R&D to high-volume production via the high-κ metal gate application. [7] At the same time, hedge funds question the company's stake in ASM Pacific Technology. [11] In 2008 Arthur del Prado is succeeded as CEO by his son, Chuck del Prado. [10] In 2009 headquarters move from Bilthoven to Almere, the Netherlands.

2010s: The company returns to structural profitability after execution of a worldwide restructuring program, that includes the implementation of a product driven organization, a single global sales organization, consolidation of manufacturing in Singapore, and the establishment of a global human resources, finance, IT, operational excellence and environment, health and safety organization. The application of (plasma enhanced) atomic layer deposition in multiple patterning and high-κ metal gate drives ASM's growth. [6] [7] Other products include epitaxy, PECVD and vertical furnace. Its stake in ASM Pacific Technology is reduced to 25%.

2020s: In 2020, on the Euronext, the company is included on the AEX index. which includes the top-25 of companies listed on the Euronext Amsterdam stock exchange. [4] The same year, after 12 years as CEO, Chuck del Prado decided to step down, and was succeeded by Benjamin Loh. Between 2020 and 2022, ASM renewed its vertical furnace product line with A400DUO (200mm wafers) and Sonora (300mm wafers).

Finances

Revenues

ASM sells its equipment to semiconductor manufacturers worldwide, with the majority of its revenues from Asian customers. In 2021, 1.41 billion euro of the total 1.73 billion euro in revenues was generated through equipment sales, the rest came from spares and service.

YearRevenueProfit/loss
2013Decrease2.svg €452 millionIncrease2.svg €106 million
2014Increase2.svg €602 millionIncrease2.svg €141 million
2015Increase2.svg €670 millionIncrease2.svg €157 million
2016Decrease2.svg €598 millionDecrease2.svg €135 million
2017Increase2.svg €737 millionIncrease2.svg €452 million
2018Increase2.svg €818 millionDecrease2.svg €157 million
2019Increase2.svg €1.28 billionIncrease2.svg €329 million
2020Increase2.svg €1.33 billionDecrease2.svg €285.4 million
2021Increase2.svg €1.73 billionIncrease2.svg €494.7 million

Market capitalization

Shares of ASM are traded on the Euronext stock exchange since 1996. Since March 2020, ASM is included on the AEX index. [4] The market capitalization of ASM Pacific Technology is no longer consolidated after ASM's interest in ASM Pacific Technology decreased to 25 percent in 2013. Between 1981 and 2015 ASM was also listed on the Nasdaq.

In 2018 share price averaged at € 48.62 resulting in an average market capitalization of 2.53 billion euro. In 2019 average closing price was € 68.98, resulting in an average market capitalization of 3.38 billion euro. [12] Market capitalization at year-end 2021 was 18.88 billion euro, based on the closing share price of €388.70 on Euronext Amsterdam on December 31, 2021.

Related Research Articles

<span class="mw-page-title-main">Chemical vapor deposition</span> Method used to apply surface coatings

Chemical vapor deposition (CVD) is a vacuum deposition method used to produce high-quality, and high-performance, solid materials. The process is often used in the semiconductor industry to produce thin films.

<span class="mw-page-title-main">Semiconductor device fabrication</span> Manufacturing process used to create integrated circuits

Semiconductor device fabrication is the process used to manufacture semiconductor devices, typically integrated circuits (ICs) such as computer processors, microcontrollers, and memory chips that are present in everyday electronic devices. It is a multiple-step photolithographic and physio-chemical process during which electronic circuits are gradually created on a wafer, typically made of pure single-crystal semiconducting material. Silicon is almost always used, but various compound semiconductors are used for specialized applications.

<span class="mw-page-title-main">Epitaxy</span> Crystal growth process relative to the substrate

Epitaxy refers to a type of crystal growth or material deposition in which new crystalline layers are formed with one or more well-defined orientations with respect to the crystalline seed layer. The deposited crystalline film is called an epitaxial film or epitaxial layer. The relative orientation(s) of the epitaxial layer to the seed layer is defined in terms of the orientation of the crystal lattice of each material. For most epitaxial growths, the new layer is usually crystalline and each crystallographic domain of the overlayer must have a well-defined orientation relative to the substrate crystal structure. Epitaxy can involve single-crystal structures, although grain-to-grain epitaxy has been observed in granular films. For most technological applications, single-domain epitaxy, which is the growth of an overlayer crystal with one well-defined orientation with respect to the substrate crystal, is preferred. Epitaxy can also play an important role while growing superlattice structures.

<span class="mw-page-title-main">Molecular-beam epitaxy</span> Crystal growth process

Molecular-beam epitaxy (MBE) is an epitaxy method for thin-film deposition of single crystals. MBE is widely used in the manufacture of semiconductor devices, including transistors, and it is considered one of the fundamental tools for the development of nanotechnologies. MBE is used to fabricate diodes and MOSFETs at microwave frequencies, and to manufacture the lasers used to read optical discs.

Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor chips for electronics, flat panel displays for computers, smartphones, televisions, and solar products. The company also supplies equipment to produce coatings for flexible electronics, packaging and other applications. The company is headquartered in Santa Clara, California, and is the second largest supplier of semiconductor equipment in the world based on revenue behind ASML of Netherlands.

A thin film is a layer of material ranging from fractions of a nanometer (monolayer) to several micrometers in thickness. The controlled synthesis of materials as thin films is a fundamental step in many applications. A familiar example is the household mirror, which typically has a thin metal coating on the back of a sheet of glass to form a reflective interface. The process of silvering was once commonly used to produce mirrors, while more recently the metal layer is deposited using techniques such as sputtering. Advances in thin film deposition techniques during the 20th century have enabled a wide range of technological breakthroughs in areas such as magnetic recording media, electronic semiconductor devices, integrated passive devices, LEDs, optical coatings, hard coatings on cutting tools, and for both energy generation and storage. It is also being applied to pharmaceuticals, via thin-film drug delivery. A stack of thin films is called a multilayer.

An epitaxial wafer is a wafer of semiconducting material made by epitaxial growth (epitaxy) for use in photonics, microelectronics, spintronics, or photovoltaics. The epi layer may be the same material as the substrate, typically monocrystaline silicon, or it may be a silicon dioxide (SoI) or a more exotic material with specific desirable qualities. The purpose of epitaxy is to perfect the crystal structure over the bare substrate below and improve the wafer surface's electrical characteristics, making it suitable for highly complex microprocessors and memory devices.

<span class="mw-page-title-main">Metalorganic vapour-phase epitaxy</span> Method of producing thin films (polycrystalline and single crystal)

Metalorganic vapour-phase epitaxy (MOVPE), also known as organometallic vapour-phase epitaxy (OMVPE) or metalorganic chemical vapour deposition (MOCVD), is a chemical vapour deposition method used to produce single- or polycrystalline thin films. It is a process for growing crystalline layers to create complex semiconductor multilayer structures. In contrast to molecular-beam epitaxy (MBE), the growth of crystals is by chemical reaction and not physical deposition. This takes place not in vacuum, but from the gas phase at moderate pressures. As such, this technique is preferred for the formation of devices incorporating thermodynamically metastable alloys, and it has become a major process in the manufacture of optoelectronics, such as Light-emitting diodes, its most widespread application. It was first demonstrated in 1967 at North American Aviation Autonetics Division in Anaheim CA by Harold M. Manasevit.

<span class="mw-page-title-main">Microfabrication</span> Fabrication at micrometre scales and smaller

Microfabrication is the process of fabricating miniature structures of micrometre scales and smaller. Historically, the earliest microfabrication processes were used for integrated circuit fabrication, also known as "semiconductor manufacturing" or "semiconductor device fabrication". In the last two decades microelectromechanical systems (MEMS), microsystems, micromachines and their subfields, microfluidics/lab-on-a-chip, optical MEMS, RF MEMS, PowerMEMS, BioMEMS and their extension into nanoscale have re-used, adapted or extended microfabrication methods. Flat-panel displays and solar cells are also using similar techniques.

Atomic layer epitaxy (ALE), more generally known as atomic layer deposition (ALD), is a specialized form of thin film growth (epitaxy) that typically deposit alternating monolayers of two elements onto a substrate. The crystal lattice structure achieved is thin, uniform, and aligned with the structure of the substrate. The reactants are brought to the substrate as alternating pulses with "dead" times in between. ALE makes use of the fact that the incoming material is bound strongly until all sites available for chemisorption are occupied. The dead times are used to flush the excess material. It is mostly used in semiconductor fabrication to grow thin films of thickness in the nanometer scale.

Chemical beam epitaxy (CBE) forms an important class of deposition techniques for semiconductor layer systems, especially III-V semiconductor systems. This form of epitaxial growth is performed in an ultrahigh vacuum system. The reactants are in the form of molecular beams of reactive gases, typically as the hydride or a metalorganic. The term CBE is often used interchangeably with metal-organic molecular beam epitaxy (MOMBE). The nomenclature does differentiate between the two processes, however. When used in the strictest sense, CBE refers to the technique in which both components are obtained from gaseous sources, while MOMBE refers to the technique in which the group III component is obtained from a gaseous source and the group V component from a solid source.

Atomic layer deposition (ALD) is a thin-film deposition technique based on the sequential use of a gas-phase chemical process; it is a subclass of chemical vapour deposition. The majority of ALD reactions use two chemicals called precursors. These precursors react with the surface of a material one at a time in a sequential, self-limiting, manner. A thin film is slowly deposited through repeated exposure to separate precursors. ALD is a key process in fabricating semiconductor devices, and part of the set of tools for synthesizing nanomaterials.

Soitec is an international company based in France, that manufactures substrates used in the creation of semiconductors.

<span class="mw-page-title-main">Lam Research</span> American semiconductor equipment company

Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP) and for related manufacturing markets such as for microelectromechanical systems (MEMS).

<span class="mw-page-title-main">Veeco</span> American manufacturing company

Veeco is a global capital equipment supplier, headquartered in the U.S., that designs and builds processing systems used in semiconductor and compound semiconductor manufacturing, data storage and scientific markets for applications such as advanced packaging, photonics, power electronics and display technologies.

IQE PLC is a British semiconductor company founded 1988 in Cardiff, Wales, which manufactures advanced epitaxial wafers for a wide range of technology applications for wireless, optoelectronic, electronic and solar devices. IQE specialises in advanced silicon and compound semiconductor materials based on gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and silicon. The company is the largest independent outsource producer of epiwafers manufactured by metalorganic vapour phase epitaxy (MOCVD), molecular beam epitaxy (MBE) and chemical vapor deposition (CVD).

Atomic layer etching (ALE) is an emerging technique in semiconductor manufacture, in which a sequence alternating between self-limiting chemical modification steps which affect only the top atomic layers of the wafer, and etching steps which remove only the chemically-modified areas, allows the removal of individual atomic layers. The standard example is etching of silicon by alternating reaction with chlorine and etching with argon ions.

<span class="mw-page-title-main">Tuomo Suntola</span> Finnish physicist and inventor

Tuomo Suntola is a Finnish physicist, inventor, and technology leader. He is best known for his pioneering research in materials science, developing the thin film growth technique called atomic layer deposition.

Glossary of microelectronics manufacturing terms

<span class="mw-page-title-main">Piotech</span> Chinese semiconductor equipment manufacturer

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