SOURCE: Varian Semiconductor

May 15, 2007 11:00 ET

Varian Semiconductor Earns Top Equipment Supplier Award

GLOUCESTER, MA -- (MARKET WIRE) -- May 15, 2007 -- Varian Semiconductor Equipment Associates, Inc. (NASDAQ: VSEA) today announced that it has been presented the Top Equipment Supplier Award for 2006 from Systems on Silicon Manufacturing Co. Pte. Ltd. (SSMC). This marks the third consecutive year that VSEA has earned this distinction, and is the only company to do so. SSMC is a joint venture between NXP B.V. (NXP) and Taiwan Semiconductor Manufacturing Company Ltd. (TSMC).

The award recognized Varian Semiconductor's exemplary achievements at SSMC in several categories, including: overall management commitment, quality, the implementation of a comprehensive cost reduction program, machine availability (productivity), parts hit rate, and safety. Varian Semiconductor was presented the award by Tim Lin, SSMC's Vice President of Operations, during SSMC's recent Supplier Day.

"Varian Semiconductor has consistently distinguished itself as an elite supplier by delivering superior ion implantation products and the highest levels of service and support," said Lin. "We highly value our relationship with Varian Semiconductor, built on years of mutual respect and trust, and we look forward to continuing this mutually beneficial partnership for years to come."

"Since our inception, Varian Semiconductor has dedicated itself to delivering the industry's best products, service and support to our customers, providing them a distinct competitive advantage," said Gary Dickerson, CEO of Varian Semiconductor. "Day in and day out we remain focused on helping customers like SSMC improve their productivity, lower their cost of ownership and improve their time to market. We are very proud of our achievements and our long and successful track record at SSMC, and we look forward to building upon our strong relationship with SSMC and with all of our customers around the world."

About SSMC

SSMC is a joint venture of NXP B.V. (NXP) and Taiwan Semiconductor Manufacturing Company Ltd (TSMC). It was originally founded in 1998 by Philips, TSMC and the EDB Investments Pte. Ltd. (EDBI).

About Varian Semiconductor

Varian Semiconductor Equipment Associates is the leading supplier of ion implant equipment to semiconductor manufacturers, enabling them to pack more, higher performing transistors into computer chips that are revolutionizing the electronics industry. Varian Semiconductor's products are used by chip manufacturers worldwide to produce high-performance semiconductor devices. Customers have made Varian Semiconductor the market leader in ion implant because of its architecturally superior products that lower their costs and improve their productivity. The Company has ranked #1 in the VLSI Research Customer Satisfaction Survey nine times over the last 10 years. Varian Semiconductor operates globally and is headquartered in Gloucester, Massachusetts. More information can be found on Varian Semiconductor's web site at www.vsea.com.

Note: This release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. For this purpose, the statements concerning the Company's performance, market share and technology leadership, technological capabilities and benefits and growth are forward-looking statements and any statements using the terms "believes," "anticipates," "expects," "plans," or similar expressions are forward-looking statements. There are a number of important risks and factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, volatility in the semiconductor equipment industry; economic conditions in general and as they affect the Company's customers; significant fluctuations in the Company's quarterly operating results; the impact of rapid technological change; the Company's dependence on the development and introduction of new products; the Company's concentration on ion implantation systems and related products; concentration in the Company's customer base and lengthy sales cycles; the highly competitive market in which the Company competes; the risks associated with international sales; foreign currency risks; and general economic conditions; and other factors identified in the Company's Annual Report on Form 10-K, and the most recent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release.

Contact Information

  • Contacts:
    Bob Halliday
    Executive Vice President
    Chief Financial Officer
    978.282.7597
    or
    Mary Wright
    Director, Investor Relations
    978.282.5859