MKS Becomes #1 Market Leader in RF Power Supplies
Accompanies Share Gains Across a Number of Other Critical Subsystems for Semiconductor Applications
ANDOVER, Mass., April 12, 2022 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that enable advanced processes and improve productivity, is pleased to announce it became the global market leader in RF Power Supplies in 2021, as recently reported by TechInsights (formerly VLSI Research), an independent research and analytics firm. TechInsights also reported year over year share gains for MKS across a number of other critical subsystem categories, such as RF Power Matching Networks, Remote Plasma Sources, Pressure Sensing, Residual Gas Analyzers and Linear Motion Subsystems.
2021 marked another year of strong growth in industry spending on semiconductor capital equipment. Revenue from MKS’ Semiconductor Market grew almost 32% percent year over year, driven by robust demand across MKS’ vacuum and photonics portfolios. MKS’ portfolio breadth serving deposition, etch, wet clean, lithography, metrology and inspection applications is unique to the industry, and has allowed MKS to become a foundational enabler of global semiconductor manufacturing processes.
As per TechInsights, MKS became the market leader in RF Power Supplies in 2021, gaining almost 1 percent of share, building on almost 10 percent of share gains in 2020. MKS also delivered more than 2 percent of share gains in RF Power Matching Networks and Linear Motion Subsystems, and more than 3 percent of share gains in Residual Gas Analyzers. In addition, MKS further extended its market leadership in Remote Plasma Sources and Pressure Sensing, gaining more than 2 percent of share in each category. This translated into another year of share gain for MKS in total Critical Subsystems for 2021.
“We are very proud to become the market leader in RF Power Supplies, which is a culmination of years of focused investments, rapid innovation and strong execution - and we are well positioned to benefit from continued industry investments into vertical scaling,” said John T.C. Lee, President and CEO of MKS. “In addition to reaching a new milestone in RF Power Supplies, we also took share in a number of other critical subsystem categories, demonstrating the value of our unique portfolio breadth, and deep commitment to help accelerate our customers’ roadmaps.”
About MKS Instruments
MKS Instruments, Inc. is a global provider of instruments, systems, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes to improve process performance and productivity for our customers. Our products are derived from our core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, vacuum technology, temperature sensing, lasers, photonics, optics, precision motion control, vibration control and laser-based manufacturing systems solutions. We also provide services relating to the maintenance and repair of our products, installation services and training. Our primary served markets include semiconductor, industrial technologies, life and health sciences, and research and defense. Additional information can be found at www.mksinst.com.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the future financial performance, business prospects and growth of MKS. Any statements that are not statements of historical fact (including statements containing the words “will,” “projects,” “intends,” “believes,” “plans,” “anticipates,” “expects,” “estimates,” “forecasts,” “continues” and similar expressions) should also be considered to be forward-looking statements. These statements are only predictions based on current assumptions and expectations. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements are: manufacturing and sourcing risks, including the impact and duration of supply chain disruptions, component shortages and price increases; the ability of MKS to complete its pending acquisition of Atotech Limited (“Atotech”), including the ability to obtain the required regulatory approval of China’s State Administration for Market Regulation and meet other closing conditions required to complete the acquisition (the “transaction”); the terms of MKS’ existing loan facilities; the terms and availability of financing for the transaction; the substantial indebtedness MKS expects to incur in connection with the transaction and the need to generate sufficient cash flows to service and repay such debt; MKS’ entry into Atotech’s chemicals technology business, in which MKS does not have experience and which may expose it to significant additional liabilities; the risk of litigation relating to the transaction; unexpected costs, charges or expenses resulting from the transaction; the risk that disruption from the transaction materially and adversely affects the respective businesses and operations of MKS and Atotech; restrictions during the pendency of the transaction that impact MKS’ or Atotech’s ability to pursue certain business opportunities or other strategic transactions; the ability of MKS to realize the anticipated synergies, cost savings and other benefits of the transaction, including the risk that the anticipated benefits from the transaction may not be realized within the expected time period or at all; competition from larger or more established companies in the companies’ respective markets; MKS’ ability to successfully grow Atotech’s business; potential adverse reactions or changes to business relationships resulting from the pendency or completion of the transaction; the ability of MKS to retain and hire key employees; legislative, regulatory and economic developments, including changing conditions affecting the markets in which MKS and Atotech operate, including the fluctuations in capital spending in the semiconductor industry and other advanced manufacturing markets and fluctuations in sales to MKS’ and Atotech’s existing and prospective customers; the challenges, risks and costs involved with integrating the operations of the companies MKS acquires; the impact of the COVID-19 pandemic; the ability of MKS to anticipate and meet customer demand; potential fluctuations in quarterly results; dependence on new product development; rapid technological and market change; acquisition strategy; volatility of stock price; international operations; financial risk management; and the other factors described in MKS’ Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and any subsequent Quarterly Reports on Form 10-Q, each as filed with the U.S. Securities and Exchange Commission (the “SEC”). Additional risk factors may be identified from time to time in future filings with the SEC. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release.
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