ASM International Investor Day Summary Company Overview - **Company**: ASM International (OTCPK: ASMI.Y) - **Event**: 2025 Investor Day held on September 23, 2025 Key Industry Insights - **Semiconductor Market Growth**: The semiconductor market is projected to reach $1 trillion by 2030, driven by leading-edge logic and DRAM technology [92] - **ALD and Epitaxy Growth**: The ALD (Atomic Layer Deposition) market is expected to outgrow the wafer fabrication equipment (WFE) market, with projections of reaching $5.1 billion to $6.1 billion by 2030, reflecting a CAGR of 9% to 13% [93] - **Epitaxy Market**: The epitaxy market is also anticipated to grow significantly, with projections of $2.5 billion to $3.2 billion by 2030, also with a CAGR of 9% to 13% [94] Company Strategy and Performance - **Growth Strategy**: ASM has successfully delivered on strategic objectives set in 2021, outgrowing the WFE market and expanding its ALD and Epitaxy market share [12][13] - **ALD Market Share**: ASM has increased its ALD market share to over 55%, benefiting from the transition from FinFET to Gate All Around technology [17] - **Epitaxy Market Share**: The company has grown its epitaxy market share from 12% in 2020 to 25% in 2024 [19] - **Spares and Services Revenue**: ASM has doubled its spares revenue from €277 million in 2020 to €547 million in 2024, achieving a 19% CAGR [24] Technological Innovations - **AI and ML Integration**: ASM is leveraging AI and machine learning to enhance innovation speed for customers and improve high-volume manufacturing (HVM) processes [14][47] - **Advanced Packaging**: The company sees advanced packaging as a mid-term growth area, utilizing its chemistry and surface knowledge developed over the years [14][96] - **Sustainability Initiatives**: ASM has integrated sustainability into its operations, achieving 100% renewable energy usage in 2024 and receiving recognition for its sustainability efforts [30][28] Financial Targets - **2030 Revenue Target**: ASM aims for a revenue target of greater than €5.7 billion with an operating margin of 30% and free cash flow exceeding €1 billion by 2030 [17][89] - **Operational Efficiency**: The company is focused on improving operational efficiency through upgraded ERP and PLM systems [15] Market Trends and Future Outlook - **High-Performance Computing**: The market is shifting towards high-performance computing driven by AI, with significant growth expected in logic and memory technologies [58][92] - **Device Scaling**: The transition to 3D structures and advanced materials is becoming critical for performance improvements in semiconductor devices [59][100] - **Advanced Packaging Growth**: The advanced packaging market is projected to double from CHF 5.6 billion to CHF 11.5 billion by 2030, with a CAGR of 15% [76] Conclusion ASM International is well-positioned to capitalize on the growth opportunities in the semiconductor industry, particularly in ALD and epitaxy technologies, while maintaining a strong focus on sustainability and operational efficiency. The company's strategic objectives and technological innovations are aligned with the evolving market trends, setting a solid foundation for future growth.