Dallas, Texas 07/14/2015 (Financialstrend) – Axcelis Technologies Inc (NASDAQ:ACLS) is the latest semiconductor company to select Purion H for the manufacture of advanced memory devices. The company states that it is on course to ship its first products made of the material in the third quarter.
Purion Platform Capabilities
The development is a significant win for the company that highlights the competitive nature of the platform. Axcelis Technologies Inc (NASDAQ:ACLS) plans to use the Purion platform to address some of the most challenging technical and economic requirements on emerging 3D devices.
Axcelis Technologies Inc (NASDAQ:ACLS)’s Purion strategy revolves around trying to expand its customer footprint in the memory market that is capital intensive. The platform redefines the ion implanter space allowing for the delivery of unmatched purity as well as precision and productivity expected to enhance performance and yield.
The company has already developed its first implant product solution expected to provide the most flexible and productive manufacturing capabilities. Axcelis Technologies Inc (NASDAQ:ACLS) has also received a follow-on order for its Purion XE high energy implanter from a major chipmaker in Asia, according to the company’s press release.
Shipments for the follow-order should begin in the third quarter with the systems reportedly being used to support capacity expansion for 3D NAND Flash devices.
Hold Rating
Separately, TheStreet rates the stock as a Hold citing a number of weakness and strengths that could have an impact on the stock’s long-term prospects. Solid revenue growth is one of the strengths that Axcelis Technologies Inc (NASDAQ:ACLS) has proved from time to time. The company also enjoys a solid financial position with reasonable debt levels compared to other companies and a reflection of good cash flow from operations.
However, the company continues to face weaknesses on a disappointing return on equity with TheStreet also raising concerns over the company’s poor profit margins.
