ALMERE, THE NETHERLANDS, April 28, 2010 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports today its first quarter 2010 operating results in accordance with US GAAP.
· First quarter of 2010 net sales of EUR 219.1 million, up 8% from the fourth quarter of 2009 and up 146% from the first quarter of 2009;
· Net earnings allocated to the shareholders of the parent of the first quarter of 2010 was EUR 4.2 million, or EUR 0.08 diluted net earnings per share, as compared to net loss of EUR 11.7 million, or EUR 0.23 diluted net loss per share for the fourth quarter of 2009 and net loss of EUR 23.3 million or EUR 0.45 diluted net loss per share for the first quarter of 2009;
· Bookings in the first quarter of 2010 were EUR 355.4 million, up 41% from the fourth quarter of 2009. Bookings from our Front-end segment were up 14% and bookings from our Back-end segment were up 49%. Quarter-end backlog was EUR 333.0 million, up 69% from the end of the previous quarter;
Commenting on the 2010 First Quarter Operating Results, Chuck del Prado, President and Chief Executive Officer of ASM International, said, "ASM saw sequential growth in both Front-end and Back-end operations. Overall improvements in revenues and bookings were broadly diversified across product lines and our customer base.
In Front-end we are gaining traction in the memory sector for our PEALD offering used in spacer defined double patterning. The improvement in Front-end margins was partly due to the leverage obtained from our global restructuring activities.
Back-end realized another quarter of very robust demand for assembly and packaging equipment and materials from both the semiconductor and LED markets. Order rates lifted backlog to unprecedented levels."
ASM International Books Repeat Orders for Plasma Enhanced ALD Systems, Broadening its ALD Portfolio with New Applications
ALMERE, The Netherlands, April 28, 2010 -ASM International N.V. (www.asm.com) (NASDAQ: ASMI and Euronext Amsterdam: ASM) today announced that it has received multiple repeat orders this year for its plasma enhanced atomic layer deposition (PEALD) systems from a leading memory customer in Asia for volume manufacturing at multiple fab lines. All systems will be used for dielectrics in double patterning applications for advanced lithography at the 3X technology node and below.
Additionally, ASM is expanding developments for PEALD dielectrics for logic transistor gate protection applications at the 22 nm node. As part of this development program, PEALD tools have been delivered to multiple advanced logic customers.
"PEALD is increasingly being adopted due to its ability to control deposition one atomic layer at a time on a wide range of device structures," said Tominori Yoshida, General Manager of ASM's Plasma Products product group. "We have made very good progress in developing PEALD as an enabling technology for new dielectrics applications. Our patent position in PEALD should enable us to fully benefit from the broad range of new applications in the challenging 2X and 1X nodes."
The PEALD reactors are optimized to deposit dielectrics including SiO, SiN and SiCN. A major advantage of ASM's PEALD process is its ability to deliver conformal thin films at low temperatures, which is especially beneficial for double patterning lithography technologies where thin dielectrics are deposited over temperature sensitive photoresists for critical dimension control and pitch reduction.
Each of the systems ordered includes multiple PEALD reactors implemented on ASM's Eagle® XP platform, the company's production-proven standard platform that can be configured with plasma enhanced chemical vapor deposition (PECVD), Thermal ALD or PEALD reactors.
ASM International N.V. announces availability of AGM materials
ALMERE, The Netherlands, - April 28, 2010 - ASM International N.V. (NASDAQ: ASMI and Euronext Exchange in Amsterdam: ASM) today announced that the agenda as well as the US market proxy materials for the Annual General Meeting of Shareholders (AGM) scheduled for May 20, 2010, are now available on the Company's website, www.asm.com.
The AGM is scheduled to commence at 13:00. CET at the Hotel Okura, Ferdinand Bolstraat 333 in Amsterdam, the Netherlands. The agenda for the AGM contains the proposed appointments of Peter van Bommel as CFO and member of the Management Board and of Martin van Pernis to the Supervisory Board as well as the re-appointment of Chuck del Prado as CEO and Chairman of the Management Board and Heinrich Kreutzer as member of the Supervisory Board. Han Westendorp has elected not to stand for re-appointment to the Management Board but will continue to work for the Company as Vice President Corporate Marketing Front End reporting directly to the CEO.
The AGM agenda also contains a proposed motion that addresses the discussion on the structure of the Company and a proposal to amend the Company's articles of association to bring these fully in line with the Dutch Corporate Governance Code as announced in May 2008.
