Techcet Critical Materials: CMP Consumables · 2016-12-28 · Materials Science (CMP consumables...
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Techcet Critical Materials: CMP Consumables QUARTERLY UPDATE Diane Scott December 2016 www.Techcet.com [email protected]
Transcript of Techcet Critical Materials: CMP Consumables · 2016-12-28 · Materials Science (CMP consumables...
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CMP M&A Activity ‐ 1Dow Electronic Materials/DuPont (DowDuPont)
Dow and DuPont remain focused on closing the transaction and continue to work constructively with regulatory agencies in all relevant jurisdictions.
Given current regulatory agency status, merger closing would be expected to occur in the first quarter of 2017, subject to satisfaction of customary closing conditions, including receipt of all regulatory approvals.
Intended spins to occur ~18 months after closing.
Post merger, DowDuPont will split into three companiesMaterials Science (CMP consumables will be organized)Specialty ProductsAgricultural Chemical
Announced May 12, 2016 Dow will assume full ownership of its subsidiary Dow Corning effective June 1, 2016
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CMP M&A Activity ‐ 2
Versum/Air Products Materials Technology Spin OffOctober 2016: Air Products completed the separation of its Electronics Materials Division through the spin‐off of VersumMaterials, Inc. located in Arizona
https://www.versummaterials.com/
VersumMaterials will operate as a 100% wholly owned subsidiary of Air Products
1900 employees1 US$ Billion in sales
Technology includes: CMP slurries, Post CMP Cleans, precursors,equipment for delivering specialty gases and chemicals
Market hints to question if they keep the wet chemical distribution business?
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CMP M&A Activity – 3
Air Products to Sell Its Performance Materials Division May 6, 2016: Air Products and Evonik Industries AG signed a definitive agreement for Air Products to sell its Performance Materials Division to Evonik Industries for $3.B in cashPer the agreement supplier contracts, operational facilities, labs, customers, employees and other contracts will transfer to EvonikEvonik plans to continue to operate this division from Allentown, PAThe sale is anticipated to close in late 2016
There have been no new updates or press releases
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CMP News ‐ 1Cabot Microelectronics
Record Quarterly Revenue of $123 Million, 22.5 Percent Higher Than 2015 Annual Revenue of $430 Million, 3.9 Percent Higher Than 2015• The company achieved record quarterly revenue in its Tungsten slurry
product area, which grew 8.8 percent year‐over‐year; • revenue from the company’s Pads product area grew 131.8 percent
compared to the same quarter last year, including $7.7 million from NexPlanar;
• revenue from the company’s Dielectrics slurry product area grew 22.8 percent;
• and sales of slurries for polishing other metals grew 5.4 percent.• Quarterly revenue also benefited from particularly strong performance
from the company’s ESF area – within ESF, QED Technologies contributed a record $8.2 million of revenue.
November 2016 Press release announced collaboration with KonFoongMaterials (KFMI)to provide advanced CMP pads to China’s rapidly growing semiconductor industry
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CMP News ‐ 3
Fujifilm announced it will launch the operation of a third plant in Taiwan late 2016. The plant is located in Tainan and is 5,120 sq ft. In Asia, Fujifilm also has production sites in Shizuoka Japan, Suzhou China and Cheonan Korea.
Cabot W2000 slurry patent expires
Anji Microelectronics was 1 of 10 semiconductor materials companies to receive 2016 China’s Semiconductor Innovation Product & Technology Award for their TSV slurries
Supply chain, device manufacturer collaboration exists, not broad based due to competitive concerns
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Market Assessment / AnalysisThe CMP supply chain is well positioned to meet customer needs for 2017.
M&A likely to continue in CMP Consumables SectorRumors continue on the acquisition of CMC
New entrants to CMP marekt is slow paced. Suppliers are working to gain market share in Asian markets, especially China as it pushes to grow away from foreign dependence.
Global CMP corporations continue to increase their presence in Asia beyond sales offices (manufacturing, development)
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Plant Closures / Discontinued Operations
None reported at this time
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