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 that it is became the global market leader in RF Power Supplies by 2021, as recently reported by TechInsights (formerly VLSI Research), an independent research and analysis firm. TechInsights also reported year-over-year market share gains for MKS in a number of other critical subsystem categories, such as RF power matching networks, plasma sources distance, pressure sensing, residual gas analyzers and linear motion subsystems.
2021 marked another year of strong growth in industry spending on semiconductor capital goods. MKS’s semiconductor market revenue grew nearly 32% year over year, driven by strong demand in MKS’s vacuum and photonics portfolios. The breadth of the MKS portfolio serving deposition, etching, wet cleaning, lithography, metrology and inspection applications is unique in the industry and has enabled MKS to become a fundamental enabler of global manufacturing processes of semiconductors.
According to TechInsights, MKS became the RF power supply market leader in 2021, gaining nearly 1% market share, building on nearly 10% market share gains in 2020. MKS also achieved more than 2 % share gains in RF power matching networks and linear motion subsystems and more than 3% market share gains in residual gas analyzers. In addition, MKS further strengthened its market leadership in remote plasma sources and pressure sensing, gaining over 2% market share in each category. This resulted in another year of gaining share for MKS in the Critical Subsystems total for 2021.
“We are very proud to become the market leader in RF power supplies, which is the culmination of years of focused investment, rapid innovation and strong execution – and we are well positioned to benefit from the company’s continued investment. ‘industry in vertical scaling,” said John TC Lee, Chairman and CEO of MKS. “In addition to taking another step forward in RF power supplies, we also entered into a number of other critical subsystem categories, demonstrating the value of the breadth of our unique portfolio and our deep commitment to help accelerate our customers’ roadmaps.”
About MKS Instruments
MKS Instruments, Inc. is a global provider of process control instruments, systems, subsystems and solutions that measure, monitor, supply, 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 steam 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 manufacturing system solutions laser-based. We also provide services related to the maintenance and repair of our products, installation services and training. Our primary markets served include semiconductors, industrial technologies, life sciences and healthcare, and research and defense. Additional information is available 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. All statements that are not statements of historical fact (including statements containing the words “will”, “plans”, “intends”, “believes”, “plans”, “anticipates”, “s ‘expects’, ‘estimates’, ‘plans’, ‘continues’ and similar expressions) should also be considered forward-looking statements. These statements are only predictions based on current assumptions and expectations. Actual events or results may differ materially from those contained in the forward-looking statements set forth herein. Important factors that could cause actual events to differ materially from those set forth in the forward-looking statements include: manufacturing and supply risks, including the impact and duration of supply chain disruptions , component shortages and price increases; MKS’s ability to complete its pending acquisition of Atotech Limited (“Atotech”), including the ability to obtain required regulatory approval from China’s State Administration for Market Regulation and fulfill other closing conditions required to complete the acquisition (the “Transaction”); the terms of MKS’s 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 flow to service and repay such indebtedness; MKS’s entry into Atotech’s chemical technology business, in which MKS has no experience and which may expose it to significant additional responsibilities; the risk of litigation related to the transaction; unforeseen costs, fees or expenses resulting from the transaction; the risk that the disruption of the transaction materially and adversely affects the respective businesses and operations of MKS and Atotech; restrictions during the term of the transaction that impact MKS’s or Atotech’s ability to pursue certain business opportunities or other strategic transactions; MKS’s ability to realize the anticipated synergies, cost savings and other benefits of the transaction, including the risk that the anticipated benefits of the transaction will not be realized within the expected time frame or at all; competition from larger or more established companies in the companies’ respective markets; the ability of MKS to successfully grow Atotech’s business; potential adverse effects or changes in business relationships resulting from the pending or completion of the transaction; MKS’s ability to retain and hire key employees; legislative, regulatory and economic developments, including changing conditions affecting the markets in which MKS and Atotech operate, including fluctuations in capital expenditures in the semiconductor industry and other advanced manufacturing markets and fluctuations in sales to existing and potential customers of MKS and Atotech; the challenges, risks and costs of integrating the operations of companies acquired by MKS; the impact of the COVID-19 pandemic; MKS’s ability to anticipate and respond to customer demand; potential fluctuations in quarterly results; reliance on new product development; the rapid evolution of technologies and the market; acquisition strategy; share price volatility; international operations; financial risk management; and other factors described in MKS’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and all subsequent quarterly reports on Form 10-Q, each as filed with the Securities and Exchange Commission. United States (the “SEC”). Additional risk factors may be identified from time to time in future SEC filings. MKS has no obligation and expressly disclaims any obligation to update or change 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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