Axcelis Technologies Inc (NASDAQ:ACLS) revealed yesterday that it successfully finalized the high energy tool evaluation of Purion VXE and also announced multiple orders from clients.
The Purion VXE marks the latest addition to the company’s high energy line of products and it is also the highest energy-yielding product in the Purion platform. Axcelis announced yesterday that it successfully finished the evaluation. The systems are developed to support the assembly of image sensor devices in large volumes by chip makers that are situated within the Asia Pacific region. The successful evaluation marks a significant step forward for the company.
“With the addition of the Purion VXE to the Purion product family, Axcelis has created a product that is ideally suited to address the exact needs of customers manufacturing image sensors for applications requiring ultra-high energy implants with extremely precise and deep doping profiles,” stated John Aldeborgh, the executive Vice President of Customer Operations at Axcelis.
Aldeborgh also stated that there has been a continued rise in the demand for products that need those implants. This increasing demand has particularly been attributed to the growing mobile and IoT markets thus leading to significant growth opportunities for the Purion platform. These growth opportunities are also important towards helping Axcelis to maintain its leadership in the market. It is the company’s intention to continue providing the semiconductor industry with high-productivity and innovative solutions. Business will most likely continue to grow since the AI and mobile industries have been exhibiting a lot of momentum.
The recently completed evaluation provides a positive outlook for the company. Its investors have also been quite confident in Axcelis’ performance and this has been evident in the stock performance. Axcelis stock reached a 52-week high and the bullish performance is also an indicator of low risk. This indicates a strong momentum which marks an important milestone for the firm because it is the time that investors usually jump on board.
Axcelis stock closed the latest trading session on Wednesday at $31.40 after a 1.29 percent gain compared to the value of the stock during the previous close.
