Axcelis to Begin Construction of New Manufacturing Facility in Pyeongtaek, Korea

The $35 million project adds to existing Korean operations, with production scheduled to commence in the second half of 2028.

Rhea-AI Summary

Axcelis Technologies (Nasdaq: ACLS) announced plans to break ground on a new semiconductor equipment manufacturing facility in Pyeongtaek, Korea. The $35 million investment will expand the company's existing Korean manufacturing operations, known as the Axcelis Asia Operations Center. The new site will manufacture ion implantation equipment used in semiconductor production.

The facility will encompass approximately 200,000 square feet of total gross floor area, with warehousing, cleanrooms and a training center. Production is scheduled to commence in the second half of 2028. Axcelis said the investment is intended to strengthen its high-volume manufacturing infrastructure and expand its capacity to serve customers worldwide. The design will incorporate a lean production environment drawing on the company's equipment manufacturing experience.

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Planned Pyeongtaek facility expands Korean manufacturing capacity, with production scheduled to commence in the second half of 2028.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.$35 million investment represents spending on the new Korean manufacturing facility. 1% of market cap

Key Figures

Facility investment: $35 million Facility area: Approximately 200,000 square feet Production start: Second half of 2028

Facility investment

$35 million

New Pyeongtaek manufacturing facility

Facility area

Approximately 200,000 square feet

Total gross floor area

Production start

Second half of 2028

Scheduled commencement at the new facility

Historical Context

1 past event · Latest: Sep 08

1 event

1. Sep 08

   Facility announcement

   24h Move

   +3.5%

   Previously announced a $35 million investment and second-half 2028 production plan; groundbreaking was planned for October 20.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ion implantation, gross floor area

2 terms

ion implantation technical

"new ion implantation equipment manufacturing facility"

A manufacturing process that shoots tiny charged atoms into a solid material to change its electrical properties, most commonly used when making computer chips. Think of it like spraying microscopic seeds into a surface so parts of a circuit will conduct electricity differently; it directly affects product performance, production yield and cost. Investors watch it because advances or bottlenecks in this step can influence a maker’s competitiveness, output and profit margins.

gross floor area technical

"approximately 200,000 square feet of total gross floor area"

Gross floor area is the total enclosed floor space of a building measured across all levels, typically including internal walls, structural elements, basements, mezzanines and common areas but excluding open outdoor spaces. It is the standard size number used in property reports and planning rules. Investors use it like the footprint for a building—bigger gross floor area usually means more rentable or usable space, affects valuation, rental income potential and regulatory development limits.

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$35 Million Investment Will Expand Axcelis' Manufacturing Capacity and Enable the Company to Better Serve Customers

BEVERLY, Mass., Oct. 20, 2026 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, today announced that it will officially break ground on its new ion implantation equipment manufacturing facility in Pyeongtaek, Gyeonggi Province, Korea. This $35 million investment reflects Axcelis' continued commitment to strengthening its high-volume manufacturing infrastructure and expanding its capacity to serve customers around the world.

The Pyeongtaek site will expand Axcelis' current manufacturing operations in Korea, the Axcelis Asia Operations Center. The new facility will encompass approximately 200,000 square feet of total gross floor area. The manufacturing center's design will provide a lean production environment that integrates learnings from the Company's nearly 50 years of semiconductor capital equipment experience. The Pyeongtaek facility will include warehousing, cleanrooms, and a training center to enable fast and flexible responses to customers' needs. Production at the new manufacturing facility is scheduled to commence in the second half of 2028.

President and CEO Russell Low commented, "We are proud to celebrate this pivotal moment for Axcelis and the next chapter of our growth in Korea. As the global economy enters the AI era, leadership in advanced semiconductors will be a cornerstone of technological progress and economic growth. This new facility will expand our ability to serve customers while building on the ingenuity of our people, whose work helps enable breakthrough technologies and a more sustainable, prosperous future for all."

Governor of Gyeonggi Province Choo Mi Ae stated, "I would like to extend my sincere congratulations on the groundbreaking of Axcelis Korea's Pyeongtaek facility. Axcelis' investment in advanced semiconductor process equipment represents a significant milestone in strengthening the position of Gyeonggi Province and Pyeongtaek City as global hubs for the semiconductor industry. In particular, we expect this project to contribute greatly not only to the creation of high-quality jobs and the revitalization of the local economy, but also to enhance the competitiveness of the world's leading semiconductor ecosystem. Gyeonggi Province will continue to foster a business-friendly environment and provide efficient administrative support to help Axcelis achieve sustainable growth and long-term success in Korea. Once again, congratulations on this groundbreaking ceremony. I wish Axcelis every success in its business expansion and continued prosperity in the years ahead."

About Axcelis

Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for nearly 50 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.

Safe Harbor Statement:

Statements made in this press release that are not of known historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and should be viewed with caution. They are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including the risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission ("SEC"), including specifically the risk factors described in our most recent Annual Report on Form 10-K and other subsequent filings with the SEC. The Company undertakes no obligation to update the information or statements made in this press release.

CONTACTS:

Investor Relations Contact:
David Ryzhik
Senior Vice President and Interim CFO
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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Axcelis begin production at its new Pyeongtaek facility?

Production at Axcelis' new Pyeongtaek manufacturing facility is scheduled to commence in the second half of 2028. The site will expand its existing manufacturing operations in Korea.

How much is Axcelis investing in its new Korean manufacturing facility?

Axcelis is investing $35 million in the new Pyeongtaek facility. The project will encompass approximately 200,000 square feet of total gross floor area for ion implantation equipment manufacturing and supporting facilities.