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\nTransaction will speed up innovation of vital multi-beam masks writing instruments, foster deeper cross-industry collaboration.<\/b><\/p>\n
\nNEWS HIGHLIGHTS<\/b><\/p>\n SANTA CLARA, Calif. & BOSTON–(BUSINESS WIRE)– \nSince inventing multi e-beam expertise and introducing the primary business multi-beam masks author in 2015, Vienna, Austria-based IMS has been an {industry} chief in multi-beam masks writing for superior expertise nodes. Intel initially invested in IMS in 2009 and finally acquired the enterprise in 2015. Because the acquisition, IMS has delivered a major return on funding to Intel whereas rising its workforce and manufacturing capability by 4 occasions and delivering three further product generations.\u00a0<\/p>\n \nAt present, as EUV expertise turns into broadly adopted in modern applied sciences, the multi-beam masks writing instruments required to create superior EUV (excessive ultraviolet lithography) masks are more and more vital elements to the semiconductor manufacturing ecosystem. This funding will place IMS to seize the numerous market alternative for multi-beam masks writing instruments by accelerating innovation and enabling deeper cross-industry collaboration.<\/p>\n \n\u201cThe development of lithography is vital to driving continued progress within the semiconductor {industry}, and masks writing performs a central function within the {industry}\u2019s transition to new patterning applied sciences, resembling high-NA EUV,\u201d stated Matt Poirier, senior vp of Company Improvement at Intel. \u201cBain Capital\u2019s funding and partnership will present IMS with elevated independence and convey strategic perspective to assist speed up the following section of lithography expertise innovation, finally benefitting the ecosystem as a complete.\u201d<\/p>\n \nPlatzgummer stated, \u201cWe’re happy to realize a invaluable accomplice in Bain Capital, which has a protracted historical past of partnering with corporations to drive development and worth creation. They share our conviction within the significant alternative forward for IMS as EUV turns into extra pervasive and high-NA EUV strikes from growth into high-volume manufacturing within the second half of the last decade. We stay up for increasing our potential to help the world\u2019s largest chip producers, who depend on our expertise to provide present and subsequent generations of semiconductor merchandise.\u201d<\/p>\n \nMarvin Larbi-Yeboa, a accomplice at Bain Capital, stated, \u201cAs the worldwide chief and innovator of rising applied sciences within the semiconductor fabrication and nanotech industries, we consider IMS is well-positioned to capitalize on enticing secular tailwinds as further chip manufacturing capability comes on-line and construct on its main aggressive place, tech differentiation and cutting-edge product capabilities.\u201d<\/p>\n \nWill Tetler, a managing director at Bain Capital, added, \u201cWe stay up for partnering with IMS\u2019 distinctive administration workforce and Intel to make use of our deep {industry} expertise and value-creation capabilities to help the enterprise\u2019 long-term development technique by way of additional funding in its modern tech and product portfolio to allow IMS to increase its aggressive market place.\u201d<\/p>\n \nAbout Intel<\/b><\/p>\n \nIntel (Nasdaq: INTC) is an {industry} chief, creating world-changing expertise that permits world progress and enriches lives. Impressed by Moore\u2019s Legislation, we constantly work to advance the design and manufacturing of semiconductors to assist handle our prospects\u2019 best challenges. By embedding intelligence within the cloud, community, edge and each type of computing gadget, we unleash the potential of information to rework enterprise and society for the higher. To study extra about Intel\u2019s improvements, go to newsroom.intel.com<\/a> and intel.com<\/a>.<\/p>\n \nAbout IMS Nanofabrication<\/b><\/p>\n \nIMS Nanofabrication GmbH, an Austrian enterprise and subsidiary of Intel Company, is the worldwide expertise chief for multi-beam masks writers. Its prospects are the most important chip producers on the planet, who depend on its expertise to provide present and future chip generations. IMS\u2019 progressive multi-beam writers play a key function in chip manufacturing and supply important added worth to the semiconductor {industry}. They’re frequently personalized and refined by an interdisciplinary workforce, in step with the newest market calls for. During the last 10 years, IMS has perfected its electron-based multi-beam expertise. The primary-generation multi-beam masks author, MBMW-101, is efficiently working everywhere in the world. The second-generation multi-beam masks author, MBMW-201, entered the masks author market within the first quarter of 2019 for the 5nm expertise node. And this 12 months, IMS is launching MBMW-301, a fourth-generation multi-beam masks author that delivers unprecedented efficiency. Study extra at www.ims.co.at\/en\/<\/a>.<\/p>\n \nAbout Bain Capital Particular Conditions<\/b><\/p>\n \nBain Capital Particular Conditions is a worldwide workforce of buyers who’ve pushed worth creation for greater than 20 years. Bain Capital Particular Conditions has $18 billion in belongings below administration and has invested greater than $28 billion since our inception in 2002. We offer bespoke capital options to satisfy the varied wants of corporations, entrepreneurs, and asset homeowners. Throughout all market cycles, the technique brings collectively credit score, fairness, company and actual asset experience to accomplice the place conventional suppliers can’t. Our devoted, world workforce of greater than 100 funding and portfolio professionals contribute the native experience and capabilities that allow these numerous investments. For extra info, please go to: https:\/\/baincapitalspecialsituations.com\/<\/a>.<\/p>\n \nAhead Trying Statements<\/b><\/p>\n \nThis press launch accommodates ahead wanting statements relating to the deliberate funding by Bain Capital Particular Conditions (\u201cBain Capital\u201d) in IMS Nanofabrication GmbH (\u201cIMS\u201d), together with the timing of closing and attainable implications of such funding on the IMS enterprise. Such ahead wanting statements contain various dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied, together with: the danger that the transaction might not be accomplished in a well timed method or in any respect, together with because of a failure to obtain regulatory approvals; the prevalence of any occasion, change or different circumstance that might give rise to the termination of the transaction; the danger that the anticipated advantages of the transaction, together with because of the elevated independence of IMS, might not be realized or that the sale of a minority possession in IMS might adversely influence the IMS enterprise or Intel; disputes or potential litigation associated to the transaction or the possession, management and operation of the IMS enterprise, together with because it pertains to Intel; unanticipated prices associated to the transaction or the IMS enterprise that could be incurred; dangers as to the retention of key IMS personnel and prospects; potential opposed reactions or modifications to enterprise relationships ensuing from the announcement or completion of the transaction; modifications in demand for semiconductor manufacturing instruments; the excessive degree of competitors and speedy technological change within the semiconductor {industry}; and different dangers and uncertainties described in Intel\u2019s earnings launch dated April 27, 2023, 2022 Annual Report on Type 10-Ok and different filings with the SEC. All info on this press launch displays Intel administration views as of the date hereof except an earlier date is specified. Intel doesn’t undertake, and expressly disclaims any responsibility, to replace such statements, whether or not because of new info, new developments, or in any other case, besides to the extent that disclosure could also be required by legislation.<\/p>\n \n\u00a9 Intel Company. Intel, the Intel emblem and different Intel marks are emblems of Intel Company or its subsidiaries. Different names and types could also be claimed because the property of others.<\/p>\n View supply model on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230619083057\/en\/<\/a><\/span><\/p>\n \nMichael Anderson \nSophie Received \nScott Lessne \nCharlyn Lusk Supply: Intel Company<\/p>\n Launched Jun 21, 2023 \u2022 7:30 AM EDT<\/p>\n
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\nIntel Company right this moment introduced that it has agreed to promote an roughly 20% stake in its IMS Nanofabrication GmbH (\u201cIMS\u201d) enterprise to Bain Capital Particular Conditions (\u201cBain Capital\u201d), in a transaction that values IMS at roughly $4.3 billion. The transaction is anticipated to shut within the third quarter of 2023. IMS will function as a standalone subsidiary and can proceed to be led by CEO Dr. Elmar Platzgummer.<\/p>\n
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Intel Investor Relations
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1-916-356-7704
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michael.d.anderson@intel.com<\/a><\/p>\n
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Intel Media Relations
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1-408-653-0475
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sophie.won@intel.com<\/a><\/p>\n
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Stanton for Bain Capital
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1-646-502-3569
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slessne@stantonprm.com<\/a><\/p>\n
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Stanton for Bain Capital
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1-646-502-3549
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clusk@stantonprm.com<\/a><\/p>\n