Over the course of 50 years we have grown to become a global company that develops innovative solutions for our customers, and manages the best interests of our investors, our employees, society and other stakeholders. Read on to discover what we achieved in 2018.



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The demand for smaller, faster and cheaper semiconductor chips continues to rise, driven by advancements in cloud computing, artificial intelligence, smartphones and the Internet of Things.


Our technology is the first step towards making it all possible, as our R&D investment in new materials, new products and new processes means we can help our customers develop their technology roadmap, and further extend Moore’s Law.


In 2018, this led to the introduction of the Synergis ALD tool, which leverages the core technologies from our Pulsar and EmerALD ALD products for high productivity thermal ALD applications. The new Synergis tool allows us to address more ALD applications and therefore increases our served market. Together with our other products and services, this contributed to our strong financial results, which included:

  • net sales of €818 million;
  • bookings of €942 million;
  • operating result of €124 million; and
  • operating cash flow of €137 million.


Strategy & business

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We operate in a fast-paced industry that continues to reshape the world, and our innovative technology enables the semiconductor industry to achieve advancements in computing, communications, energy, transportation, medicine and beyond.
To ensure that we can continue to make a difference to our customers, employees, and company stakeholders, in 2018 we concentrated on the following three key elements of our strategy.


In addition to our fundamental R&D efforts, we continuously expand and deepen our strategic cooperation with key customers, suppliers, chemical manufacturers, and research institutes. This approach enables us to remain innovative and swiftly meet the changing demands of our customers.


We are a key player in the deposition equipment segments for ALD and epitaxy, and a focused niche player for PECVD and vertical furnaces. As a leader in the segment, ALD has turned into a key growth driver for our business, from which we support virtually all of the leading customers in the semiconductor industry. Our newest ALD tool, Synergis, is designed to address a wide range of existing and new ALD applications, effectively increasing the market we serve.


In addition to our internal optimization programs, we are working with our suppliers to improve fundamental quality through statistical methods and process controls. In addition to addressing the technology needs of our customers, we also focus on further increasing equipment throughput and equipment reliability, thereby lowering the cost per wafer of our wafer processing systems.


Performance review

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In 2018, we achieved revenue growth of 11% reaching a record high revenue of €818 million, with sales increasing mainly in the logic, DRAM and analog segments. By industry segment, our 2018 revenue stream was led by memory, closely followed by the logic and foundry segments.


While our ALD product lines continued to be our key sales driver in 2018, accounting for more than half of total equipment revenue, our other product lines also contributed strongly. In our epitaxy product line we increased sales, following the strong growth we achieved in 2017, and we saw additional sales increases in PECVD and vertical furnaces.


Our industry experienced continued growth in 2018, with worldwide semiconductor industry sales increasing by around 14%. This was driven by high memory prices and broad-based electronics demand for cloud services, mobile devices, automotive and industrial applications. These drivers helped the wafer fab equipment market grow by around 10% in 2018.



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Our 2018 sales grew to record levels, reaching €818 million. ALD continued to be the key driver, although the other product lines also made a strong contribution.
We benefited from a further increase in wafer fab equipment spending following the very strong market growth in 2017. Our operating profit increased to €124.3 million from €113.2 million in 2017, while the operating profit margin remained stable.


New bookings increased by 22% in 2018 to €942 million, with equipment bookings for ASMI as a whole led by logic, followed by foundry and then memory. Total research and development (R&D) expenses, excluding impairment charges, decreased by 1% in 2018 compared to 2017, mainly as a result of higher capitalization of development expenses.


Financial statements

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Our 2018 sales grew to record levels, reaching €818 million. ALD continued to be the key driver, although the other product lines also made a strong contribution.
We benefited from a further increase in wafer fab equipment spending following the very strong market growth in 2017. Our operating profit increased to €124.3 million from €113.2 million in 2017, while the operating profit margin remained stable.


New bookings increased by 22% in 2018 to €942 million, with equipment bookings for ASMI as a whole led by logic, followed by foundry and then memory. Total research and development (R&D) expenses, excluding impairment charges, decreased by 1% in 2018 compared to 2017, mainly as a result of higher capitalization of development expenses.


Other Information

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During 2018, we returned approximately €607 million to shareholders in the form of dividends, share buybacks and the capital return. This was up from €281 million in 2017 and €140 million in 2016.
Over the 2010-2018 period, we returned more than €1.6 billion to the financial markets through dividends, share buybacks, return of capital, and buyback of convertible bonds.


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In 2018, we paid a dividend of €0.80 per common share and we will propose to the forthcoming AGM to declare a dividend of €1.00 per share for 2019. The proposed 2019 dividend will mark the ninth consecutive year that we have paid a dividend.


Our innovations enable our customers to provide consumers and businesses with more powerful technologies, while lowering global energy demands. We align our strategies across the industry, including with customers and industry standards, to focus on key areas, including reducing greenhouse gases and water consumption, improving our recycling and reuse of raw materials, and focusing on responsibly designed and operated facilities.

Our ZERO HARM! philosophy drives us to continually improve our environmental performance both in our own operations and in our products, with the aim of reducing our environmental footprint and that of our customers.

Our Environmental policy is a key element of our Corporate Responsibility policy. It establishes our commitment to reduce our environmental impact by continuously improving our management systems and setting the right objectives. We continuously assess the range of aspects we need to identify, and set improvement targets on the most important impacts.


In 2016, we initiated a five-year target cycle for reducing our environmental footprint in key areas that are applicable to our business and aligned with industry standards, including the Sustainability Accounting Standards Board (SASB) standards for the semiconductor industry. In reference to science-based targets, we have normalized our greenhouse gas (GHG) emission reduction and our water consumption reduction objectives to our research and development (R&D) spend. Our R&D operations are responsible for a majority of the utility consumption through equipment installations and supporting facility infrastructure, accounting for more than 75% of electrical consumption and almost 80% of water consumption. In 2018 we significantly surpassed our 2020 water consumption objective, and are resetting that objective to further challenge ourselves.

Our environmental targets for 2016-2020 are now:

  • Reduce greenhouse gas emissions by 5% per euro of research and development (R&D) investment below 2015 levels by 2020;
  • Reduce water consumption by 45% (up from 10%) per euro of R&D investment below 2015 levels by 2020;
  • Divert more than 90% of all waste from landfill through recycle or reuse by 2020; and
  • All new construction projects to exceed the energy efficiency standards of local jurisdictions.

These targets are aligned with key initiatives across our business, and is consistent with and managed within our environmental management system which is certified to the ISO 14001 standard.

Over 95% of our realized greenhouse gas emissions are a direct result of Scope 2 purchased electricity. We strive to find ways to reduce our electrical consumption and source power responsibly at our engineering and manufacturing sites. In 2018, we commissioned a third-party energy audit at one of our engineering sites, and are addressing key opportunities identified while evaluating other sites for the same opportunities. We report progress through annual participation in the CDP Report.

Our primary use of water is in the treatment and abatement of R&D process gases. Our efforts to reduce our water consumption needs to balance with the efficiency to abate potential air emissions and compliant with the statutory air emissions limits in the areas in which we operate. In this way, we have taken and continue to look for more measures at our R&D sites to reuse water, with reuse systems and initiatives in place to maximize the efficiency of the systems we have implemented.

We focused our efforts to reduce the landfill of solid waste through the implementation of a crate reuse program. Given the size of the equipment we produce, transporting it safely during the manufacturing cycle means using robust packaging, such as crates. By implementing a reuse program between ASMI and suppliers, we are able to reduce the one-time use of packaging. This program continues to grow as we add products and parts and has the potential to significantly help us reach our objective.

Our new South Korea facility meets all local energy efficiency requirements, and exceeded requirements in areas such as lighting and lab infrastructure control systems. We are in the process of designing a new building for our Singapore manufacturing operations, and are aiming for a top-tier energy rating.

In 2018, there were no material changes to our current operations that alter the way we interface with the ecosystem or manage our on-site surface water at our existing sites. We conduct an impact assessment for every new project, and strive to minimize identified potential impacts, such as through erosion protection, surface water containment, abatement technologies, and water resource management. Our focus and data collection for environmental measures is ongoing, and we maintain a process with individual site accountability for data accuracy. This means employees who are close to the operations and understand the inputs and outputs are also responsible for maintaining the data on a monthly basis. This helps ensure not only accuracy, but the ability to quickly identify opportunities and risks.



Over the past 50 years we have grown to become a leading global supplier
of semiconductor wafer processing equipment. A company that develops
innovative process solutions for our customers, and manages itself in the best
interests of our investors, our employees, society, and other stakeholders.

Yet now is the time to enter a new era of innovation, to embark on the next
phase of growth. We understand that this requires commitment and strength
across many areas. From innovation in R&D, to advancing new technologies
and addressing new applications. From developing our people, to creating
even stronger relationships with key customers.

This is how we will take the next leap forward.


Of new materials






Our roadmap to the future will enable us to not only
achieve our next phase of growth, it will ensure we
can continue to help our customers achieve their
technology roadmaps for next-generation devices.


Our technology helps drive innovation, increasing the number of scientific breakthroughs, many of which are achieved from our advanced process equipment that deposits new materials with precision and productivity, positively benefiting society in sectors from healthcare and education, to transport and energy.


For semiconductor manufacturers, scaling chips
to smaller dimensions is an ongoing challenge.
Our innovations and equipment are vital in helping make many of these transitions happen.


Striving for efficiency ensures that our
customers get the products, services,
and results they expect. Intensifying
our focus on efficiency will make us a
stronger company, ready to take the
next leap forward.







We are a multinational company that
embraces diversity in every sense
of the word. With 29 different
nationalities working across the
company, we combine our talents
to drive innovation.


Achieving our ambitions takes intelligence, knowledge, skill,
determination, and dedication. And it is this combination of
qualities that we nurture in our people.


Our goal is to impact tomorrow’s generation
as positively as we’ve impacted today’s.
Making this happen takes the xtraordinary
talent of our people, who work together
to drive innovation and deliver excellence.

Expanding the






Collaboration is fundamental to our
continued success; from working
with our customers to optimize our
equipment and processes to enable
their technology roadmaps, to
creating partnerships on cutting-edge
research and development.


Operational excellence is one of the essential
pillars of our strategy, which enables us to provide
our customers with the high-quality, leading-edge
products and services they demand.


R&D is central to our development,
leading to new device architectures,
new materials, and new processes
that strengthen our competitive
positioning and enable our customers
to deliver the next-generation chips.


By extending our technological scope with a
more diverse product portfolio, we can help our
customers continue to advance their business
while growing our own in new market segments.

Moore with






We create long-term value for our
stakeholders in a variety of ways.
From working with our customers
to develop innovative solutions, to
ensuring value creation growth
and positive investor returns.


We are committed to positively
contributing to society and
reducing our impact on the
environment. Only then can
we truly say we are helping
create more with less.


We believe sustainability takes many forms.
From developing sustainable technology
roadmaps for our customers, to creating
a sustainable living environment for all.


Safety is a front-line requirement,
which is why our ZERO HARM!
policy outlines our vision on product
safety, and our CR policy lays out
our commitment and expectations
towards health and safety.