ASM Technologies and Hind High Vacuum have formed a 50:50 joint venture that will undertake semiconductor equipment manufacturing.
ASM Technologies Ltd and Hind High Vacuum (HHV) have formed a 50:50 joint venture (JV) that will undertake design-led engineering and manufacturing of tools, sub-systems, sub-system components, and components for the semiconductor and solar industries.
“ASM and HHV have been working together successfully for several years. The joint venture is the logical next step to create a unique proposition that will thrive from the combined experience, capabilities and infrastructure in design-led manufacturing for the semiconductor and related ecosystem,” said Rabindra Srikantan, Managing Director of ASM Technologies. “We are also encouraged by the recent incentives announced by the Government of India for semiconductor, electronics and packaging. This JV enables us to add the best-in-class semiconductor manufacturing capabilities to our existing semiconductor engineering expertise. We look forward to a long-standing and mutually beneficial partnership.”
Prasanth Sakhamuri, Managing Director, HHV, commented, “After being associated in various ways for many years, it is now time for us to partner with an established technology leader like ASM, thus opening up a whole new world of opportunities for Indian manufacturing. This JV will play a pivotal role in the country’s upcoming semiconductor landscape. We are confident that given our respective expertise, this JV will be able to make a significant impact and drive the global semiconductor industry worldwide.”