Asyst Technologies receives multimillion-dollar order

Published: 16-Aug-2002


Asyst Technologies, Inc. (Nasdaq:ASYT), a provider of integrated automation solutions for the productivity of semiconductor manufacturing, have announced that it has received a multimillion-dollar order from Grace Semiconductor Manufacturing Corp. (GSMC) of Shanghai, China. Asyst is the provider to China of standard mechanical interface (SMIF)-based isolation products for semiconductor-manufacturing automation, having won essentially all of this business to date from the region's two other semiconductor-manufacturing customers. Dr. Winston Wong, CEO of GSMC, said, "GSMC is committed to being among the most efficient and competitive manufacturers of semiconductors. We selected Asyst because of their proven market-share leadership in 200mm isolation and work-in-process management products." Ken Leung, president, Asia-Pacific, for Asyst, said, "We are pleased and proud that Grace Semiconductor has chosen Asyst as its automation partner for its first fab." As Grace is expected to accept equipment in phases over the next 18 months, Asyst will only book a portion of the order in its current fiscal quarter ending Sept. 30, 2002, with the remainder booked in subsequent quarters.

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