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ASM International Focuses on Epitaxy to Meet AI Demands

ASM International reinforces its strategic position in epitaxy technology, a critical process for the manufacturing of next-generation semiconductors. The Dutch group outlines how this expertise meets the increasing demands for computational power and energy efficiency driven by the rise of artificial intelligence.


ASM International Focuses on Epitaxy to Meet AI Demands

Epitaxy, a Key Technology for Hardware Scaling

The advancement of artificial intelligence creates a growing demand for computing capabilities, data storage, and high-speed, low-energy consumption devices. In response to this trend, ASM positions epitaxy—a process of depositing precise atomic layers—as a crucial factor for the future of semiconductors. The group explains that design and architecture alone are no longer sufficient to address the challenges of technological scaling: discovering new materials and atomic control are becoming essential levers for improvement. Epitaxial films of silicon (Si), silicon germanium (SiGe), and variants (SiGeB, SiP) play a central role in device performance, notably by increasing electron mobility and enabling faster transistor switching at reduced power.

Transition to GAA and Increasing Complexity

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The shift towards gate-all-around (GAA) technology represents a significant turning point according to ASM. GAA transistors rely on epitaxial superlattices comprising eight to ten layers of silicon and silicon-germanium, supplemented by new epitaxial contact layers. For 3D-DRAM memories, this complexity significantly intensifies, with superlattices starting around 64 layers and rapidly evolving beyond. This technological escalation demands major advancements in process control. ASM emphasizes that thermal control is one of the critical factors, an area where the group claims innovations in its Intrepid ES and Intrepid ESA tools.

Direct Thermal Control and Atomic-Scale Precision

ASM's Intrepid ES and Intrepid ESA solutions incorporate an isothermal chamber associated with the Turino CL system, a proprietary temperature measurement and feedback device. Unlike approaches that measure the temperature of the susceptor to infer the wafer's temperature, Turino CL uses multiple pyrometers to directly measure the wafer's surface temperature, providing a more effective control loop. This system allows for optimized thickness uniformity control, faster temperature ramps increasing productivity, reduced energy consumption, and especially thickness control to the atomic monolayer—critical advantage for GAA nanosheet applications and the foundation of future complex epitaxial structures. ASM identifies epitaxy as one of its most significant growth areas for at least the next five years, a segment where the group focuses its research and development investments.



Sector Semi-conducteurs et matériel › Équipement & matériaux semi-conducteurs


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Context

Period
  • Period: T3 2026
Key reported figures
  • Revenue: 1 159 millions d'euros
  • Quarterly revenue: 1 159 millions d'euros
  • Revenue growth: 45 %
  • Net income: 308,1 millions d'euros
Guidance from the release
  • « The demand environment remains very strong. […] For 2027, we project revenue to increase to more than €5.7 billion at constant currencies. This means we expect to achieve the revenue target set for 2030 at our 2025 Investor Day three years ahead of plan. »
Risks mentioned
  • Supply chain conditions are increasingly tight, with continued need to work closely with suppliers and customers to support planned ramp in shipments
  • Changes in regulatory environment could impact growth projections
  • Mature logic/foundry sales expected to remain relatively stable, potentially limiting growth in this segment
Opportunities identified
  • Advanced logic/foundry expected to be strongest growth driver in 2027, supported by further increases in 2nm-related sales and strong momentum in 1.4nm
  • Strong growth expected in memory, particularly HBM-related DRAM reflecting higher customer investment levels
  • Recovery in power/analog/wafer segments expected to strengthen further in 2027
Outlook / guidance
  • Expected revenue: 4 284 millions d'euros
  • Management commentary: « Based on our Q4 guidance, revenue for the full year 2026 is expected to increase by approximately 35% at constant currencies, with equipment revenue expected to grow by more than 40%. »

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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