Let me spend a moment now talking about the key drivers in the core businesses for the company, that is the semiconductor and adjacent space. Every time there is semiconductor content, semiconductor front end we participated in the ways that we always have for Brooks for automation and for vacuum capability.
When we look at the adjacent spaces, the form factor actually has a very big impact for us. So we have the semiconductor content whether it's on a laptop or a PC or a tablet, but when we talk about the mobility aspect of this, when we talk about the display, we have applications related to vacuum for the coating of the display, when the accelerometer keeps the image upright. We have MEMS devices that we participate in. For the lighting of the screens, we have LED applications and so when we look at the semiconductor content, we are participants just like we used to be.
But when we talk about the mobility capability here, it adds significant amount of growth opportunity for the company and in particular when we talk about the things that we do with robotics and with cryogenics, everyone of the adjacent spaces gives us additional opportunities.
So when we look at a $1.5 billion [same], when we look at the growth opportunities that exist over the next three years, that will be incremental approximately $300 million of opportunities associated with the adjacent spaces.We also see that there is a longer-term opportunity that exists in the move to wafer shift from 300 millimeters diameter to 450 millimeter as this is a pretty abrupt discontinuity in terms of the automation, in terms of the requirements of the systems of the robotics and of the cryogenics, it will require new products in every area and at the EUV lithography, although it’s difficult for us to say exactly what the incremental opportunities will be, we know that from a cleanliness standpoint that it might provide the opportunity for an increase in vacuum requirements. Read the rest of this transcript for free on seekingalpha.com
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV