Transaction will boost up innovation of important multi-beam masks writing equipment, foster deeper cross-industry collaboration.
NEWS HIGHLIGHTS
- Transaction will boost up innovation of important multi-beam masks writing equipment and foster deeper cross-industry collaboration.
- Multi-beam masks writing equipment are important to the semiconductor ecosystem for growing EUV era.
- Sale of roughly 20% stake values IMS at roughly $4.3 billion.
SANTA CLARA, Calif. & BOSTON–(BUSINESS WIRE)–
Intel Company lately introduced that it has agreed to promote an roughly 20% stake in its IMS Nanofabrication GmbH (“IMS”) trade to Bain Capital Particular Scenarios (“Bain Capital”), in a transaction that values IMS at roughly $4.3 billion. The transaction is predicted to near within the 3rd quarter of 2023. IMS will function as a standalone subsidiary and can proceed to be led through CEO Dr. Elmar Platzgummer.
Since inventing multi e-beam era and introducing the primary industrial multi-beam masks author in 2015, Vienna, Austria-based IMS has been an {industry} chief in multi-beam masks writing for complex era nodes. Intel first of all invested in IMS in 2009 and in the end got the trade in 2015. For the reason that acquisition, IMS has delivered a vital go back on funding to Intel whilst rising its group of workers and manufacturing capability through 4 instances and handing over 3 further product generations.
These days, as EUV era turns into widely followed in modern applied sciences, the multi-beam masks writing equipment required to create complex EUV (excessive ultraviolet lithography) mask are an increasing number of important parts to the semiconductor production ecosystem. This funding will place IMS to seize the numerous marketplace alternative for multi-beam masks writing equipment through accelerating innovation and enabling deeper cross-industry collaboration.
“The development of lithography is important to compelling persevered development within the semiconductor {industry}, and masks writing performs a central function within the {industry}’s transition to new patterning applied sciences, comparable to high-NA EUV,” stated Matt Poirier, senior vp of Company Construction at Intel. “Bain Capital’s funding and partnership will supply IMS with higher independence and convey strategic point of view to lend a hand boost up the following section of lithography era innovation, in the end benefitting the ecosystem as a complete.”
Platzgummer stated, “We’re happy to achieve a treasured spouse in Bain Capital, which has a protracted historical past of partnering with firms to pressure enlargement and cost introduction. They percentage our conviction within the significant alternative forward for IMS as EUV turns into extra pervasive and high-NA EUV strikes from construction into high-volume production in the second one part of the last decade. We look ahead to increasing our skill to enhance the sector’s greatest chip manufacturers, who depend on our era to supply present and subsequent generations of semiconductor merchandise.”
Marvin Larbi-Yeboa, a spouse at Bain Capital, stated, “As the worldwide chief and innovator of rising applied sciences within the semiconductor fabrication and nanotech industries, we imagine IMS is well-positioned to capitalize on sexy secular tailwinds as further chip manufacturing capability comes on-line and construct on its main aggressive place, tech differentiation and state of the art product features.”
Will Tetler, a managing director at Bain Capital, added, “We look ahead to partnering with IMS’ outstanding control workforce and Intel to make use of our deep {industry} revel in and value-creation features to enhance the trade’ long-term enlargement technique thru additional funding in its modern tech and product portfolio to allow IMS to increase its aggressive marketplace place.”
About Intel
Intel (Nasdaq: INTC) is an {industry} chief, growing world-changing era that allows international development and enriches lives. Impressed through Moore’s Legislation, we incessantly paintings to advance the design and production of semiconductors to lend a hand cope with our consumers’ largest demanding situations. By way of embedding intelligence within the cloud, community, edge and each more or less computing software, we unharness the potential for knowledge to grow to be trade and society for the easier. To be informed extra about Intel’s inventions, move to newsroom.intel.com and intel.com.
About IMS Nanofabrication
IMS Nanofabrication GmbH, an Austrian trade and subsidiary of Intel Company, is the worldwide era chief for multi-beam masks writers. Its consumers are the biggest chip producers on the planet, who depend on its era to supply present and long run chip generations. IMS’ cutting edge multi-beam writers play a key function in chip production and supply important added cost to the semiconductor {industry}. They’re regularly custom designed and subtle through an interdisciplinary workforce, in step with the newest marketplace calls for. Over the past 10 years, IMS has perfected its electron-based multi-beam era. The primary-generation multi-beam masks author, MBMW-101, is effectively running everywhere the sector. The second one-generation multi-beam masks author, MBMW-201, entered the masks author marketplace within the first quarter of 2019 for the 5nm era node. And this yr, IMS is launching MBMW-301, a fourth-generation multi-beam masks author that delivers unheard of efficiency. Be told extra at www.ims.co.at/en/.
About Bain Capital Particular Scenarios
Bain Capital Particular Scenarios is a world workforce of buyers who’ve pushed cost introduction for greater than two decades. Bain Capital Particular Scenarios has $18 billion in belongings beneath control and has invested greater than $28 billion since our inception in 2002. We offer bespoke capital answers to fulfill the varied wishes of businesses, marketers, and asset house owners. Throughout all marketplace cycles, the tactic brings in combination credit score, fairness, company and actual asset experience to spouse the place conventional suppliers can’t. Our devoted, international workforce of greater than 100 funding and portfolio execs give a contribution the native experience and features that allow those numerous investments. For more info, please talk over with: https://baincapitalspecialsituations.com/.
Ahead Having a look Statements
This press free up comprises ahead having a look statements in regards to the deliberate funding through Bain Capital Particular Scenarios (“Bain Capital”) in IMS Nanofabrication GmbH (“IMS”), together with the timing of last and conceivable implications of such funding at the IMS trade. Such ahead having a look statements contain various dangers and uncertainties that might purpose precise effects to fluctuate materially from the ones expressed or implied, together with: the danger that the transaction might not be finished in a well timed method or in any respect, together with because of a failure to obtain regulatory approvals; the prevalence of any tournament, exchange or different circumstance that might give upward push to the termination of the transaction; the danger that the anticipated advantages of the transaction, together with because of the higher independence of IMS, might not be discovered or that the sale of a minority possession in IMS would possibly adversely affect the IMS trade or Intel; disputes or doable litigation associated with the transaction or the possession, keep watch over and operation of the IMS trade, together with because it pertains to Intel; unanticipated prices associated with the transaction or the IMS trade that can be incurred; dangers as to the retention of key IMS staff and consumers; doable adversarial reactions or adjustments to trade relationships as a consequence of the announcement or of entirety of the transaction; adjustments in call for for semiconductor production equipment; the excessive degree of pageant and speedy technological exchange within the semiconductor {industry}; and different dangers and uncertainties described in Intel’s income free up dated April 27, 2023, 2022 Annual File on Shape 10-Okay and different filings with the SEC. All data on this press free up displays Intel control perspectives as of the date hereof until an previous date is specified. Intel does now not adopt, and expressly disclaims any responsibility, to replace such statements, whether or not because of new data, new trends, or in a different way, apart from to the level that disclosure is also required through legislation.
© Intel Company. Intel, the Intel brand and different Intel marks are logos of Intel Company or its subsidiaries. Different names and types is also claimed as the valuables of others.
View supply model on businesswire.com: https://www.businesswire.com/information/house/20230619083057/en/
Michael Anderson
Intel Investor Members of the family
1-916-356-7704
michael.d.anderson@intel.com
Sophie Gained
Intel Media Members of the family
1-408-653-0475
sophie.received@intel.com
Scott Lessne
Stanton for Bain Capital
1-646-502-3569
slessne@stantonprm.com
Charlyn Lusk
Stanton for Bain Capital
1-646-502-3549
clusk@stantonprm.com
Supply: Intel Company
Launched Jun 21, 2023 • 7:30 AM EDT
