Axcelis Technologies IncAxcelis plans a $35M investment in a new South Korea ion implantation equipment facility, expanding capacity in its second-largest revenue region.

Axcelis Technologies plans to invest $35 million in a new ion implantation equipment facility in Pyeongtaek, Gyeonggi Province, South Korea. The planned site will span approximately 200,000 square feet and include warehousing, Class 1,000 and Class 10,000 cleanrooms and a training center, building on the company's existing Asia Operations Center in the country. South Korea generated 26% of second-quarter revenues, up from 13% a year earlier, making it the company's second-largest revenue region after China. Systems bookings increased 36.1% year over year to $130.9 million in the second quarter, while systems backlog was $451.6 million, down 21.6% from $575.7 million a year earlier. Axcelis ended the second quarter with $577 million in cash, cash equivalents and marketable securities, and free cash flow of $14.8 million included about $6 million of cash transaction expenses related to the pending Veeco merger.
Axcelis Technologies IncAxcelis plans a $35M investment in a new South Korea ion implantation equipment facility, expanding capacity in its second-largest revenue region.
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