After a strong first half of 2012, the signals from the industry thus far into the third quarter are somewhat mixed. The macroeconomic conditions around the world are uneven, and in some cases, challenging. In our semiconductor markets, while trends appear to remain strong at the advanced nodes, we are seeing moderating trends for 32-nanometer and older legacy node IC production on the part of some of our customers. Notwithstanding the near-term uncertainty, we're confident and optimistic about our prospects.Last week, 2 of the industry's leading companies announced a major investment agreement, which is expected to accelerate the development of 450-millimeter wafer production capability as well as EUV. We view this as a long-term positive for Entegris, which clearly affirms the industry's path toward these critical next-generation technologies. In order to understand the significance of 450-millimeter and EUV technology to Entegris, it is helpful to focus on both the direct and indirect ways in which these developments are tied to our own investments.
Entegris Management Discusses Q2 2012 Results - Earnings Call Transcript
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