Axcelis Announces Sponsorship and Participation in The International Conference on Silicon Carbide and Related Materials (ICSCRM 2024)

Rhea-AI Summary

Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of ion implantation solutions for the semiconductor industry, has announced its participation in the International Conference on Silicon Carbide and Related Materials (ICSCRM 2024). The event will take place from September 29 to October 4, 2024, at the Raleigh Convention Center in North Carolina. Axcelis' management will be available for one-on-one meetings during the conference.

Dr. Russell Low, President and CEO of Axcelis, expressed excitement about participating in ICSCRM 2024, describing it as one of the most important technology forums in the power market. He highlighted the company's Purion™ Power Series as the technology leader in this market, citing its enabling and highly differentiated features and process control. Dr. Low also emphasized the critical role of ion implant in manufacturing Silicon Carbide devices, a market estimated by Yole to grow at a 25% CAGR from 2023 to 2029.

Positive

• Axcelis' Purion™ Power Series is positioned as the technology leader in the power market
• Silicon Carbide device market is estimated to grow at a 25% CAGR from 2023 to 2029
• Participation in ICSCRM 2024 provides networking opportunities with one-on-one meetings

Negative

• None.

News Market Reaction

+0.98%

1 alert

+0.98% News Effect

On the day this news was published, ACLS gained 0.98%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BEVERLY, Mass., Sept. 24, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, will be participating in the International Conference on Silicon Carbide and Related Materials (ICSCRM 2024) taking place September 29 - October 4, 2024, at the Raleigh Convention Center in North Carolina. At the event, Axcelis' management will be available for one-on-one meetings.

President and CEO of Axcelis, Dr. Russell Low, said, "We're excited to participate in ICSCRM 2024, one of the most important technology forums in the power market.  Axcelis' Purion™ Power Series is the technology leader in this market, due to its enabling and highly differentiated features and process control. Ion implant is one of the most critical steps in the manufacturing of Silicon Carbide devices, a market which is estimated by Yole to grow at a 25% CAGR from 2023 – 2029."

About ICSCRM 2024

ICSCRM provides a unique forum to those across the SiC semiconductor supply chain – material scientists, equipment technologists, device designers, fab professionals, and test and reliability engineers – to share technology updates, research findings, development experience, and application knowledge. For more information on the event, or to register, visit the conference website at https://www.icscrm-2024.org.

About Axcelis:

Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:

Investor Relations Contact:
David Ryzhik
Senior Vice President, Investor Relations and Corporate Strategy
Telephone: (978) 787-2352
Email: David.Ryzhik@axcelis.com

Press/Media Relations Contacts: 
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: Maureen.Hart@axcelis.com

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SOURCE Axcelis Technologies, Inc.

FAQ

When and where is ICSCRM 2024 taking place?

ICSCRM 2024 is taking place from September 29 to October 4, 2024, at the Raleigh Convention Center in North Carolina.

What is Axcelis Technologies' (ACLS) role in ICSCRM 2024?

Axcelis Technologies (ACLS) is participating in ICSCRM 2024 as a sponsor, and their management will be available for one-on-one meetings during the event.

What is the projected growth rate for the Silicon Carbide device market according to Axcelis (ACLS)?

According to Yole's estimate cited by Axcelis (ACLS), the Silicon Carbide device market is projected to grow at a 25% CAGR from 2023 to 2029.

What product does Axcelis (ACLS) highlight as their technology leader for the power market?

Axcelis (ACLS) highlights their Purion™ Power Series as the technology leader in the power market, citing its enabling and highly differentiated features and process control.