News Article
ASMI completes Genitech acquisition
ASM International (ASMI) has completed acquisition of Genitech, a semiconductor equipment supplier based in South Korea, for $5.2mn in cash and $4mn in ASMI common shares (Bulletin 529, April 28, 2004). ASM will also pay up to $9.2mn in cash over the next five years, depending upon the achievement of performance targets.
ASM International (ASMI) has completed acquisition of Genitech, a semiconductor equipment supplier based in South Korea, for $5.2mn in cash and $4mn in ASMI common shares (Bulletin 529, April 28, 2004). ASM will also pay up to $9.2mn in cash over the next five years, depending upon the achievement of performance targets.
Arthur del Prado, president and CEO of ASMI, comments: "GenitechÕs Plasma Enhanced Atomic Layer Deposition (PEALD) provides complementary solutions to ASMIÕs own pioneering Atomic Layer Chemical Vapour Deposition (ALCVD) technology. GenitechÕs Cu Superfill CVD addresses the need for atomic control of copper deposition without PVD, which will be critical for smaller device geometries, 45nm and beyond.
"In addition, we believe ALD barriers and Cu Superfill CVD offer the ideal surface preparation for recently-acquired NuTool ECMD technology on our Aurora low-k film."
