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Revenue growth of 36% was primarily driven by the ECP and advanced packaging categories, which both increased more than 150% year-over-year, reflecting a successful transition into a broader multi-product company.
Management attributes recent success in advanced packaging to a strategic decision made five years ago to invest in horizontal panel-level plating, anticipating a shift from wafer-level to panel-level packaging for AI applications.
The company achieved a significant milestone by receiving orders for its panel-level horizontal plating tools from two customers, including a production order in China and an evaluation system for a new customer in Asia.
Cleaning revenue experienced a 14% decline as the portfolio shifts toward newer SPM (Sulphuric Acid Peroxide Mixture) technologies, which are currently in the shipment phase rather than the revenue recognition phase.
#revenue
Revenue growth of 36% was primarily driven by the ECP and advanced packaging categories, which both increased more than 150% year-over-year, reflecting a successful transition into a broader multi-product company.
Management attributes recent success in advanced packaging to a strategic decision made five years ago to invest in horizontal panel-level plating, anticipating a shift from wafer-level to panel-level packaging for AI applications.
The company achieved a significant milestone by receiving orders for its panel-level horizontal plating tools from two customers, including a production order in China and an evaluation system for a new customer in Asia.
Cleaning revenue experienced a 14% decline as the portfolio shifts toward newer SPM (Sulphuric Acid Peroxide Mixture) technologies, which are currently in the shipment phase rather than the revenue recognition phase.
#revenue
2 months ago
