ASM International SA (Euronext Amsterm: ASM) today officially unveiled its state-of-the-art manufacturing facility and operations center in Singapore and announced the revolutionary a second manufacturing stage on site. The opening ceremony was attended by Singapore’s Minister of Manpower and Second Minister of Trade and Industry, Dr. Tan See Lengand by representatives of JTC Corporation and Singapore Economic Development Board.
ASM’s expansion into Singapore comes amid recent global chip shortages and will allow ASM to capitalize on growing demand driven by accelerating digitalization trends. The facility, including the first fabrication floor, was completed in late 2020. Including the second fabrication floor, which will be ready for production in early 2023, ASM’s capacity in Singapore will quadruple and global capacity will more than triple. At the Singapore facility, ASM assembles and tests its advanced deposition tools, including ALD and Epi, which are essential for the production of advanced semiconductor devices.
The design of the new facility allows for a more efficient manufacturing flow and a higher level of flexibility, which has been particularly beneficial in dealing with the challenges of industry supply chain constraints recently.
“This strategic investment increases our ability to meet our customers’ demand and support them in the transition to the next technology nodes,” said Benjamin Loh, President and CEO of ASM International. “The expansion of our second floor will further give us the flexibility to grow our revenues to our previously communicated target of €2.8-3.4 billion by 2025, a CAGR of 16% at 21 % over a five-year period Our investment in Singapore is an important step that will help position us as a technology leader as we pursue our strategy of growth through innovation.
Deputy Minister Dr. Tan See Leng said: “Beyond increasing its manufacturing capabilities, ASM’s expansion will also advance Singapore’s semiconductor industry by creating many new jobs. and business opportunities. We are ready to continue to partner with companies like ASM to grow their manufacturing footprint in Singapore and strengthen Singapore’s position as an advanced manufacturing hub.
ASM’s Singapore factory was built with sustainability in mind and achieved Green Mark Gold Plus certification. Aspects such as smart building monitoring and energy efficiency, improved building envelope insulation and facade performance, design-integrated greenery, water-efficient fixtures and systems and sustainable building materials have all contributed to this achievement.
“Backed by strong government support, Singapore is the perfect location for our global operations by leveraging its highly skilled workforce and leveraging the vast supply chain ecosystem in the region,” added Loh.
ASM’s operations in Singapore have been instrumental in its growth. The local workforce has grown 2.5 times over the past five years to reach approximately 850 people by the end of 2021. Established in 2003, ASM in Singapore has evolved over time into higher value activities added. Beyond manufacturing, Singapore operations today also include key functions such as supply chain management, global IT and global people. This transition is illustrated by the fact that 50% of the workforce in Singapore holds a degree or higher qualification. Managers and professionals make up 42% of ASM’s local workforce, of which 60% are Singaporeans.
Mr. Tan Boon Khai, CEO of JTC, said, “We are excited to have ASM become part of the established semiconductor ecosystem and expand its footprint in our field. With its brand new state-of-the-art manufacturing facility, we hope to foster a strong spirit of collaboration and create a vibrant community for innovations to flourish. This will further enhance Singapore’s advantage as a leading advanced manufacturing hub. »
Mr. Tan Kong Hwee, Executive Vice President of the Economic Development Council, said, “We are delighted that ASM has chosen Singapore for a major expansion of its global manufacturing capacity. The semiconductor sector is a key pillar of Singapore’s manufacturing industry with a diverse range of capabilities including IC design, equipment, R&D and advanced manufacturing. We look forward to ASM’s growth and the creation of new business and employment opportunities in this rapidly growing sector.
About ASM International
ASM International NV, headquartered in Almere, The Netherlands, and its subsidiaries design and manufacture processing equipment and solutions to produce semiconductor devices for wafer processing, and have facilities in the United States United States, Europe and Asia. The ordinary shares of ASM International are listed on the Euronext Amsterdam Stock Exchange (symbol ASM). For more information, visit the ASM website at www.asm.com.
Caution Regarding Forward-Looking Statements: All matters discussed in this press release, except for historical information, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry in general and the timing of industry cycles in particular, currency fluctuations, corporate transactions, funding and liquidity issues, success of restructurings, timing of large orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, business disruptions and economic risks due to natural disasters, terrorist activities, armed conflicts or political instability, changes in import/export regulations, epidemics and other risks indicated in the Company’s reports and financial statements. The Company undertakes no obligation and does not intend to update or revise any forward-looking statements to reflect future developments or circumstances.
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