Tokyo Electron Announces Acquisition of Magnetic SolutionsDate: 02 November 2012
Tokyo Electron Limited (TEL) today announced that its subsidiary Tokyo Electron Europe Limited has reached a definitive agreement to acquire Magnetic Solutions Ltd. (MSL; Headquarters: County Dublin, Ireland; CEO: Dave Hurley). MSL is engaged in the development, manufacture, and sale of magnetic annealing systems.
Magnetoresistive random-access memory (MRAM) is attracting increased attention as a key device for the future due to its advantages of fast writing speeds at low power consumption. During the MRAM manufacturing process, magnetic field annealing is important to determine device performance. MSL has many years of expertise and industry leading technologies in developing magnetic field annealing. By combining these with TEL's productivity and miniaturization technologies for thermal processing systems, it will be possible to provide optimal systems for mass production of MRAM to customers.
Hiroshi Takenaka, President and CEO of TEL, commented: "TEL is developing systems to establish MRAM manufacturing technologies. We believe our integration with MSL for magnetic field annealing technologies will contribute to the further growth of our thermal processing system business."
Dave Hurley, CEO of MSL, added: "MSL is excited to join the TEL family of companies. This transaction combines MSL's industry leading position in magnetic annealing process systems with the TEL technology roadmap for manufacturing of spintronic based memory such as MRAM. We expect this transaction will benefit our customers, employees and shareholders; and support the industry vision for future logic and memory devices."
About Magnetic Solutions
Magnetic Solutions (MSL), is the leading supplier of magnetic annealing systems and processes used in the development and manufacture of non-volatile memories such as MRAM and STT-RAM, read/write heads in high density disk drives, GMR and TMR sensors. MSL's philosophy of committing to support the production, process development and R&D needs of our customers has resulted in a range of magnetic annealing systems optimized for all process steps, offering exceptional reliability, throughput and flexibility. For more information, please visit www.magnetic-solutions.com
About Tokyo Electron
Tokyo Electron Limited (TEL), established in 1963, is a leading supplier of innovative semiconductor and FPD production equipment worldwide. Product lines include coater/developers, oxidation/diffusion furnaces, dry etchers, CVD systems, surface preparation systems, gas cluster ion beam technologies, and test systems. To support this diverse product base, TEL has strategically located research and development, manufacturing, sales, and service locations all over the world. TEL is a publicly held company listed on the Tokyo Stock Exchange. More information about TEL is available at www.tel.com
Group, Tokyo Electron Ltd.