According to the company’s website press release on January 11, 2023, Entegris, Inc. (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, announced its plans to increase production and purification capacity for its Pueblo, Colorado, and Hollister, California, sites to support the anticipated increase in demand for its Electronic Chemicals business.
The Electronic Chemicals business is part of Entegris’ Advanced Planarization Solutions (APS) division and includes ultra-high purity acids, bases, solvents, and formulated blend chemistries for use by semiconductor manufacturers in the U.S., Europe, and SE Asia regions.
These capacity investments supplement ongoing investments in Europe and Southeast Asia and are being made to support the increasing demand by advanced node customers investing in North America and Europe for low-organic solvent1 & higher-purity cleaning chemistries2. Planned capital investments amount to approximately $50 million across the two sites and are expected to be completed over the next two years.
“We are pleased to announce these two capacity expansion projects at existing sites in the U.S.; these will solidify the leadership position achieved by the Electronic Chemical business with key customers and position this business well for the future. The recent enactment into law of the CHIPS for America Act as well as the European Chips Act reinforce our belief that it is time to expand capacity and capability in anticipation of new customer fabs coming on stream in 2024 and 2025,” said Bertrand Loy, Entegris president and CEO.
About Entegris
Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and other high-tech industries. Entegris has approximately 10,000 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea, Taiwan, and the United Kingdom. Additional information can be found at www.entegris.com.
Forward-Looking Statements
This news release contains forward looking statements. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward looking statements. These forward-looking statements include statements related to Entegris’ expansion of its capacity in Pueblo, Colorado, and Hollister, California; the amount of Entegris’ investment in connection with such expansion; future domestic semiconductor production and demand for ultra-high purity chemicals; the impact of government incentives and other matters. These statements involve risks and uncertainties, and actual results may differ materially from those projected in the forward-looking statements. These risks and uncertainties include, but are not limited to, those that are described in Entegris' filings with the Securities and Exchange Commission, including under the heading “Risks Factors” in Item 1A of Entegris' Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the Securities and Exchange Commission on February 4, 2022, and in Entegris' other periodic filings. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, Entegris undertakes no obligation to update publicly any forward-looking statements or information contained herein, which speak as of their respective dates.
1 Solvents include amongst others: Propylene glycol methyl ether acetate (“PGMEA”), Isopropyl Alcohol (“IPA”); 2 Cleaning chemistries include amongst others: Ammonium Hydroxide (“NH4OH”), Sulfuric acid (“H2SO4”), Nitric Acid (“HNO3”), Hydrogen peroxide (“H2O2”).
Contacts
Investors:
Bill Seymour
VP of Investor Relations, Treasury and Communications
T +1 952-556-1844
Media:
Connie Chandler
Senior Director of Corporate Communications
T +1 978-436-6546
