# ASM International

Canonical page: https://technooptimist.io/companies/asm-international
ASM is a Dutch maker of chip-fab machines that deposit films one atomic layer at a time (ALD) and grow crystal layers (epitaxy). It holds more than half of the single-wafer ALD market, and gate-all-around transistors need more of both.

## In brief

- Record Q2 2026 revenue of €1,003M (+24% at constant currency), driven by 2nm logic and HBM memory.
- Over 55% of single-wafer ALD; gate-all-around added US$400M to its market per 100k wafers/month.
- Expects 2026 revenue above €4B and Q3 2026 at about €1.1B.

## Facts

- Founded: 1968
- Headquarters: NL
- Status: public
- Listing: ASM (Euronext)
- Website: https://www.asm.com
- Frontiers: [Computing](https://technooptimist.io/computing.md) (Etch, deposition & inspection)

## Programs

- [ALD and epitaxy for gate-all-around chips](https://technooptimist.io/computing/ald-epi-gaa.md) (Computing): Scaling; next: First meaningful 1.4 nm revenue (2026). Record ALD sales on 2nm demand in Q2 2026; 1.4nm wins starting to add revenue in H2 2026.

## Technical approach

- **ALD: Films built one atomic layer at a time**: Two gases are pulsed in turn; each reacts only with the surface, adding one atomic layer per cycle, so films coat deep 3D shapes evenly.
- **Epitaxy: Growing the transistor channel**: Epi grows stacked silicon and silicon-germanium crystal layers; in gate-all-around chips these stacks become the transistor's channels.
- **New metals: Molybdenum instead of tungsten and copper**: ALD molybdenum needs no liner, cutting resistance in tiny vias; ASM reports wins for it at the 1.4 nm node.

## Open problems

- **ALD is slow** (active research): Building a film one atomic layer per cycle takes many cycles, so more ALD steps per wafer means more tools and fab time per chip.
- **Export limits and Chinese rivals** (open): China is a large market for mature-node tools, and export rules plus local competitors could shrink it.

## Upcoming

- **27 Oct 2026**: ASM Q3 2026 results (ALD and epitaxy for gate-all-around chips)

## Latest updates

- **28 Jul 2026**: ASM posts record €1,003M quarter on 2nm logic and HBM demand, expects 2026 revenue above €4B. ASM's Q2 2026 revenue rose 24% at constant currency to a record €1,003M, with demand accelerating in leading-edge logic, particularly 2 nm, and solid growth in HBM-related DRAM. ([our story](https://technooptimist.io/stories/asm-posts-record-1-003m-quarter-on-2nm-logic-and-hbm-demand-expects-6a645797.md) · [original source](https://www.investegate.co.uk/announcement/gnw/asm-international-nv--0nx3/asm-reports-second-quarter-2026-results/9692080))
- **23 Sep 2025**: ASM sets 2030 targets: revenue above €5.7B as gate-all-around and DRAM add deposition steps. At its 2025 Investor Day ASM targeted revenue above €5.7B by 2030, growing at least 12% a year against 6% for the wafer-equipment market. ([our story](https://technooptimist.io/stories/asm-sets-2030-targets-revenue-above-5-7b-as-gate-all-around-and-dram-41558608.md) · [original source](https://www.generation-nt.com/communiques-presse/asm-hosts-investor-day-provides-new-2030-targets-revises-h2-2025-2062822))

## Partners, customers and investors

- ASM Pacific Technology (partner): ASM holds a minority stake (25% since 2013) in the Hong Kong assembly equipment maker.

## People

- Hichem M'Saad, CEO

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