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ASM International
Tools and processes for atomic layer deposition (ALD), which builds films one atomic layer at a time, used to form the layers of 2nm-generation gate-all-around transistors

ASM International (ASM) is a Dutch semiconductor equipment maker. It appears in a nanotechnology series because it supplies, for volume chip production, the tools and processes for atomic layer deposition (ALD), a way to build up films one atomic layer at a time. The company describes itself as the leader in ALD equipment (its own estimate; this profile does not adopt market-share figures), and its annual report says ALD is its largest product line, accounting for more than half of equipment sales. Revenue in 2025 was €3.17 billion, driven by investment in leading-edge logic and foundry (2nm gate-all-around, or GAA, transistors). ASM calls itself a "materials discovery company" and says its strengths are precursor chemistry (the chemicals that supply the film's atoms), plasma, and atomic-scale process technology. This profile focuses on ALD tools and processes (epitaxy, CMP and vertical furnaces are mentioned only briefly), and sets out what primary sources confirm and what they do not.

Sources: ASM's Annual Report 2025 (published 12 March 2026), its results announcements for full-year 2025 and the second quarter of 2026, its interim report for the first half of 2026, and its website, used as primary material. Last updated October 2026.

What this article covers
  1. ASM International in 30 seconds, and where it stands in nanotechnology
  2. The logo and how the name is written
  3. Where the company sits in the nanotechnology field
  4. Scale
  5. Resources committed to nanotechnology
  6. What it has done so far
  7. What comes next
  8. What the company is aiming for in nanotechnology
  9. Map of partnerships in nanotechnology
  10. Technologies, products and services
  11. The risks this company carries
  12. Glossary, references and claim-to-source audit

1. ASM International in 30 seconds, and where it stands in nanotechnology

LEGAL NAMEASM International N.V.A Dutch company headquartered in Almere, the Netherlands. Known as ASM
LISTINGEuronext Amsterdam (ASM)In the AEX index. Fiscal year ends 31 December (IFRS)
TYPE IN NANOTECHNOLOGYNanofabrication & equipmentPrimary type. No nanomaterial or nanomedicine business could be confirmed
CORE PROCESSALD (atomic layer deposition)Thermal ALD and plasma ALD (PEALD). Also makes epitaxy tools
REVENUE (2025)€3.17 billionPrior year €2.93 billion (+8%; +12% at constant currency)
EQUIPMENT REVENUE (2025)€2.46 billionALD is more than half of it (company statement); ALD alone is not disclosed
EMPLOYEES (END OF 2025)4,5194,908 (FTE) at the end of June 2026. 27% work in R&D
Q3 2026 REVENUE OUTLOOK€1.1 billion (±5%)As of 28 July 2026. The second half is expected to be more than 20% above the first
The one thing to grasp first

ASM is "a company that sells the tool that lays down films one atomic layer at a time, together with the chemistry and conditions (the recipe) for those films" Our calculation. ALD builds a film by pulsing precursor gases in turn, purging with inert gas between pulses, and relying on saturating surface reactions to form one layer per cycle (ASM's web page) Sourced. Two things matter for complex three-dimensional structures like GAA: the film coats any surface relief evenly (conformality), and thickness is set in units of atomic layers. But the documents reviewed give no performance numbers for the ALD tools (film uniformity, defects, throughput). The company's "market share" and "market size" figures are its own estimates, and this profile does not adopt them Not yet confirmed.

2. The logo and how the name is written

A note on names: the company is ASM International N.V., known as ASM (formerly also "ASMI"). It is a different company from the lithography-tool maker ASML. ASM's annual report says it began a joint venture with Philips in the mid-1980s to develop lithography technology (now known as ASML) and sold its share in 1988. ASMPT, established in Hong Kong (back-end equipment), is a company that ASM founded in the past and in which it held a 24.65% interest at the end of 2025, but it is a separate company. The logo image was taken from the company's official website.

Official website: https://www.asm.com/

3. Where the company sits in the nanotechnology field

Four types of companies in nanotechnology Making, processing, productizing and medical use each bring different strengths and customers Nanomaterial producers Make and sell nanomaterials OCSiAl / GMG Zeon / BASF Material quality and scale Depends on uptake of uses Nanofabrication & equipment Tools for nanostructures ASML / Canon ASM / Tokyo Electron Precision and installed base Depends on chip capex Devices & displays Nano-enabled products TSMC / Samsung Shoei Chemical, etc. Volume know-how and customers Depends on payback of capex Nanomedicine Nanoparticle drug delivery Arbutus / Genevant Acuitas / Evonik Patents and lipid quality Hinges on approvals ASM: nanofabrication tools. ALD equipment that builds films one atomic layer at a time 2025 sales of €3.17 billion; ALD is over half of equipment sales (company statement)
Fig. 1 The four types of nanotechnology companies and where ASM sits. The grouping is ours, and the company names are examples from companies covered in this series Our calculation. ASM is a deposition-equipment company (ALD, epitaxy and others); this profile concentrates on ALD.

4. Scale

ASM has annual revenue of about €3.2 billion and also has businesses beyond ALD (epitaxy, vertical furnaces and others), so this profile gives company-wide figures briefly and adds the ALD-related figures in text. The fiscal year is the calendar year, amounts are in euros, and the accounting standard is IFRS.

Measure (€ million)20252024
Revenue3,173.22,932.7
of which equipment revenue2,457.52,303.3
of which Spares & Services revenue715.7629.4
Gross profit (gross margin)1,643.6 (51.8%)1,481.4 (50.5%)
Operating result938.0802.1
Net R&D expenses (gross R&D spending was €512 million in 2025)409.0369.8
Capital expenditure218168
Employees (year end)4,5194,558

In 2025 ALD was the largest product line, clearly more than half of equipment sales, and grew by a double-digit percentage year on year (ALD alone is not disclosed in amounts; company statement) Sourced. By region, Asia was 80.2% of revenue (€2,544.1 million), the United States 15.3% and Europe 4.5%. Equipment sales to China were more than 30% of total revenue in 2025. The five largest customers accounted for 53.6% of revenue and the ten largest for 72.3%, and two customers each exceeded 10% (names are not given) Sourced. In the first half of 2026, revenue was €1,865.6 million (+11%; +20% at constant currency), gross margin 52.6% and adjusted operating result €616.4 million (33.0% margin). Of equipment sales, logic/foundry was 77%, memory 15% and power/analog/wafer 8% Sourced.

A caution here

Sales, profit and unit shipments for ALD tools are not given as separate figures in the documents reviewed. The annual report gives the relative size of product lines only in words ("ALD is the largest, more than half of equipment sales"). The annual report and investor materials also contain "market size", "market share" and "expansion of the served market" figures, but their basis is the company's own estimates or outside research firms, and this profile does not adopt them Not yet confirmed.

5. Resources committed to nanotechnology

ResourceWhat primary sources confirmStatus
People4,519 employees company-wide (end of 2025) and 4,908 (FTE) at the end of June 2026. 27% of employees work in R&D. The company has 8 R&D centers worldwide: corporate R&D in Helsinki (Finland; precursor chemistry) and Leuven (Belgium; materials application and device evaluation), and product development in Almere (Netherlands; vertical furnaces), Phoenix (U.S.; thermal ALD and epitaxy), Hwaseong (Korea; PEALD), Tama (Japan; PECVD and PEALD) and Italy (SiC epitaxy)Sourced
Money (R&D and capital expenditure)Gross R&D spending was €512 million in 2025 (+9% on 2024) and net R&D expenses €409.0 million. Adjusted net R&D expenses for the first half of 2026 were €209.9 million. Capital expenditure was €218 million in 2025, and the company guides to €150 to 250 million a year in years with infrastructure expansion (company outlook). R&D and capex for ALD alone are not disclosedSourced / partly undisclosed
Acquisitions, investments, joint ventures, divestmentsThe company says the acquisition of ASM Microchemistry (Microchemistry Oy, Helsinki) in 1999 and ASM Genitech Korea in 2004 laid the foundation for its ALD position. It acquired LPE (SiC epitaxy) in 2022 and Axus Technology (Chandler, U.S.; CMP equipment) in December 2025 (net cash of €81 million for Axus, plus a €100 million earn-out for LPE). It holds 24.65% of ASMPTSourced
Universities, research institutes, public fundingA partnership with imec (Belgium) since 1990, with an on-site presence since 1994, and a sixth strategic partnership agreement in January 2026. The ALD Center of Excellence with the University of Helsinki, formed and funded by ASM. Participation in the Semiconductor Research Corporation (SRC) Nanomanufacturing Processes program. A four-year collaboration with Eindhoven University of Technology (TU/e), signed in 2024, and a collaboration with TU Delft. University research through funding from the Dutch NWO (TTW domain), and projects supported by Flanders' VLAIO. Individual grant amounts could not be confirmedSourced / amounts not confirmed

Status of key products and facilities

Product / facilityContent (company statements)StageDate / source
ALD tool rangeThermal ALD and PEALD tools (Pulsar, EmerALD, Synergis, the XP8 DCM, QCM, JQCM and Magma, and others). The XP4 and XP8 are 300 mm single-wafer platforms; the XP8 takes up to 16 chambersSupplied2025 and 2026 (References 1, 5)
Mo ALD (molybdenum ALD)First applications shipped at the 2nm node. The company says adoption has not been as fast as anticipated a few years ago but remains a longer-term opportunity. In July 2026 it reported wins at the 1.4nm nodeShipped for volume use (2nm). 1.4nm is Not yet confirmedMarch and July 2026 (References 1, 3)
New R&D center in Scottsdale (U.S.)Expands ALD and epitaxy R&D. Announced in 2023Under construction. Opening planned for early 2027 (Not yet confirmed)March 2026 (Reference 1)
Manufacturing and innovation center in Dongtan (Korea)A manufacturing and R&D site. The next phase was completed in 2025. With its Singapore manufacturing site, the company says it supports growth well into the next decadeOperating (described as opened)March 2026 (Reference 1)
New headquarters and R&D facility in Almere (Netherlands)Global headquarters, an R&D center, a training hub and part of product development. Several hundred million euros of investment is expected over the coming yearsPlanned (intention announced in December 2025; Not yet confirmed)March 2026 (Reference 1)

6. What it has done so far

WhenWhat happenedWhy it matters
1968ASM founded in the Netherlands. ASM America was established in 1976 (the base of its epitaxy technology), and ASM Japan has developed plasma CVD products since 1982The starting point as a deposition-equipment company
1980sIn the mid-1980s it began a joint venture with Philips on lithography technology (now ASML), and sold its share in 1988Lithography and deposition go separate ways
1999 and 2004Acquired ASM Microchemistry (Helsinki) and ASM Genitech KoreaThe base in ALD precursor chemistry and PEALD
2007The company says its Pulsar ALD tool became the first system used in volume manufacturing of devices with a hafnium-based high-k gate dielectric at the 45nm nodeA milestone for ALD entering volume production (company statement)
2011The company says it played an important role in the move to 22nm (from planar to FinFET transistors)Meeting three-dimensional transistors
2024 to 20252nm GAA entered volume manufacturing and ALD sales grew. Revenue reached a record €3.17 billion in 2025The ramp of GAA drives results
December 2025Acquired Axus Technology (CMP equipment). Announced its intention to build a new headquarters and R&D facility in AlmereAdjacent technology and wider R&D
January 2026Signed its sixth strategic partnership agreement with imecContinuing a collaboration of more than 30 years
28 July 2026Second-quarter revenue reached a record €1.003 billion. The company said it had won Mo ALD business at the 1.4nm nodeGroundwork for the next generation (1.4nm)

7. What comes next

Q3 2026 REVENUE€1.1 billion (±5%)At constant currency; the company's outlook of 28 July 2026. The second half is expected to be 20%+ above the first
2027 REVENUEAbove €3.7 to 4.6 billionThe target range from the September 2025 investor day; in July 2026 the company said it expects to exceed the top end
2030 REVENUE TARGET€5.7 billion or moreAt least 12% annual growth and an operating margin above 30% (company target)
THE 1.4NM NODEPilot lines from H2 2026Customers' plan: volume production in 2027 to 2028 (ASM's description)

The primary sources also contain the following policies and plans Not yet confirmed.

  • The 1.4nm node: the July 2026 announcement says the 1.4nm node is on track for its first meaningful contribution in the second half of 2026, that ASM has gained share in both ALD and epitaxy, and that it has won Mo ALD business there. The annual report expects transistor layers to be about 60% of all ALD layers at 1.4nm (50% at 2nm) (company outlook)
  • Memory: DRAM for high-bandwidth memory (HBM) led in 2026, and another DRAM customer selected ASM's epitaxy solution. The annual report calls the next DRAM nodes a major opportunity
  • Facilities: the Scottsdale (U.S.) R&D center is planned to open in early 2027. The Almere headquarters and R&D facility is expected to take several hundred million euros of investment. The company says its current manufacturing capacity is enough for its 2030 revenue target and beyond
  • Capex guidance: €150 to 250 million a year in years with infrastructure expansion (company outlook)
What could not be confirmed

Sales, profit, unit shipments and R&D for ALD alone / numerical performance of the ALD tools (film uniformity, defect density, throughput) / the names of customers that adopted ASM tools at the 1.4nm node / the total purchase prices of Axus and LPE (only the €81 million net cash for Axus is given) / individual grant amounts for universities and public bodies. Either the documents reviewed (the annual report, results announcements, interim report and web pages) do not state them, or we could not check the original text.

8. What the company is aiming for in nanotechnology

This section separates what the company says it aims for from what we read into it. Inference marks our interpretation of primary sources.

What can be readPrimary basisType
Enter each device generation change with new materials and atomic-scale processesIn July 2026 the CEO called the company a "materials discovery company" and said precursor chemistry and atomic-scale process technology enable leading-edge logic and HBM. The annual report describes depositing new materials with better control and conformalitySourced (company description)
Grow its opportunity with the number of ALD layers in generations such as GAAThe annual report says GAA needs additional ALD and epitaxy steps and that ALD intensity rises. It says the ALD portfolio grew from three to four layers in 2003 to more than 80 todaySourced (company description)
Win adoption by pairing materials and tools in the next nodes (1.4nm, the next DRAM generation)July 2026: wins in Mo ALD at 1.4nm. It also aims to gain share in DRAM in both ALD and epitaxySourced (company description) / Inference (whether adoption continues)
Place R&D close to customers and research institutesLeuven is on imec's premises, Helsinki is for precursor chemistry, and facilities are expanding in Scottsdale, Dongtan and AlmereSourced (where sites are) / Inference (whether closeness is the aim)
One inference, with its basis in detail

The reading that "ASM values being adopted for the combination of precursor, tool and recipe more than for tool performance alone" rests on wording in the annual report. It says most new process applications are customer specific and come out of joint development programs (JDPs) with customers, and that these programs run from the node now in production to N+2 and beyond Sourced. It also divides roles between sites: Helsinki for precursor chemistry, and Leuven for materials application and device evaluation Sourced. From this we read that holding everything from chemicals (precursors) through the tool to evaluation in devices is, in our view, the reason ASM gets adopted. However, ASM's documents do not give the reasons for individual adoptions or a comparison with competitors. Whether precursors are made in-house or bought was also not confirmed in the documents reviewed Not yet confirmed.

9. Map of partnerships in nanotechnology

Partnerships around ASM in ALD Only relationships stated in the annual report and results announcements; no press-based links ASM imec (Belgium) Since 1990; sixth agreement 2026 University of Helsinki ALD Center of Excellence TU/e, TU Delft, SRC Universities and research consortia Axus Technology (U.S.) CMP tools; acquired Dec. 2025 Leading chipmakers Joint development programs (JDPs) Individual customers Names not given Joint work Acquisition Names not given
Fig. 2 Partnerships around ASM in ALD. Sources: Annual Report 2025 and the results announcements (March and July 2026). Solid navy lines are joint work, dotted lines are acquisitions and grey is a relationship where no name is given. The joint development programs (JDPs) with customers are described in general terms in the annual report, and we did not check individual customer names or contract terms.

The main ASM partnerships that the documents reviewed confirm are imec (since 1990, with a site on its Leuven premises), the University of Helsinki (the ALD Center of Excellence), universities and research consortia in the Netherlands, Belgium and the United States, and joint development programs with customers (JDPs) Sourced. ASM writes that its JDPs run from the current node to N+2 and beyond, but the documents do not name individual customers or say which customer adopted which tool. The suppliers of precursors, and any individual contracts ASM has with chemical makers, are not in the documents reviewed Not yet confirmed.

10. Technologies, products and services

This profile concentrates on ALD tools and processes (epitaxy, PECVD, vertical furnaces and CMP are touched on only briefly). Performance numbers are the company's own statements, and conditions are given with them. Numbers such as film uniformity for the ALD tools are not in the documents reviewed.

CategoryWhat official material saysConditions, scale, source
The ALD methodPrecursor and reactant are pulsed in turn, with an inert-gas purge between pulses, to build a film one atomic layer at a time. Saturating surface reactions (self-limiting) make thickness a matter of the number of cycles. The film is even over surfaces with a lot of relief. Nanolaminates (stacks of different materials) can be madeCompany statement (web page). No conditions given
Thermal ALD and PEALDThermal ALD drives the reaction with heat. PEALD uses an RF plasma to supply the reaction energy, allowing lower temperatures for uses with a low thermal budgetCompany statement (web page). Same precursors are used
Tools (platforms and products)300 mm single-wafer platforms: the XP4 (up to four process modules), the XP8 (up to 16 chambers) and the XP8E (up to six dual or quad chamber modules). ALD products include the Pulsar (high-k), EmerALD (metal and dielectric), Synergis (thermal ALD), and the XP8 DCM, QCM and JQCM (PEALD) and MagmaCompany statement (annual report, web page). No throughput figures given
Main usesHigh-k metal gates (GAA), dipole layers, work-function metals, spacers, high-aspect-ratio gap fill, underlayers for EUV lithography, metal ALD, selective ALD (ASD) and MIM capacitorsCompany statement (annual report). Mo ALD and ASD entered volume production at the 2nm node, the company says (March 2026)
Number of processesThe ALD portfolio grew from three to four layers in 2003 to more than 80 layers today. The company says it has developed reference processes for more than 70% of the elements cited in the ALD literatureCompany statement (annual report). Not independently verified
Spares and servicesOutcome-based services (guaranteed performance and availability). A target of more than half of spares and services sales by 2030Spares and services revenue was €715.7 million in 2025. The target is a company plan
A materials engineer's view: precursors, surfaces, and what "more layers" means

What matters in ALD is precursor chemistry and the substrate surface. According to ASM's annual report, the Helsinki site works on precursor chemistry for new ALD materials and the Leuven site on applying the materials and evaluating them in devices Sourced. For metal ALD, the company says it developed a surface clean that removes impurities and moisture before deposition, integrated on the same platform so the vacuum is not broken Sourced. For metal oxides it developed a reactor that can deposit five, six or even seven elements. The documents reviewed do not say which precursors (chemicals) the ALD films are made from.

In a GAA transistor the gate completely surrounds the channel (stacked nanosheets), so a film must coat evenly deep inside the gaps. The annual report names the high-k dielectric, dipole layers for multiple threshold voltages and work-function metals as GAA transistor layers, and expects them to be about 60% of all ALD layers at 1.4nm (50% at 2nm) (company outlook) Not yet confirmed. For interconnect and contacts, the company says Mo ALD will in time replace more of the tungsten and copper layers, and also says adoption is slower than anticipated. The documents reviewed give no figures for the reasons (resistivity, barrier thickness and so on). Because ALD adds roughly one atomic layer per cycle, more layers mean more cycles and more time, which is a general challenge (a general explanation, not a figure from the company's documents). The company's emphasis on multi-chamber configurations (up to 16 chambers on the XP8) is probably aimed at securing throughput Our calculation.

11. The risks this company carries

RiskWhat it involvesType
Customer concentrationIn 2025 the five largest customers were 53.6% of revenue and the ten largest 72.3%, with two customers each above 10%. Results depend on the investment plans of a few leading-edge logic makersSourced
China and export controlsIn 2025 equipment sales to China were more than 30% of total revenue (mainly mature logic and foundry). The annual report says possible future export-control measures could further limit the available market in China. The documents reviewed do not describe a specific new rule coming into force (the stage of any proposal, adoption or enforcement has to be checked separately)Sourced (company statement)
Demand swingsIn 2025 power/analog/wafer fell and China memory normalized, and fourth-quarter revenue was down 7% year on year at constant currency. Results follow swings in chip capital spendingSourced
Slower adoption of new materials and usesThe company says Mo ALD adoption has not been as fast as anticipated a few years ago. Volume production at the 1.4nm node follows customers' plans (2027 to 2028) and could slipSourced (company statement) / Not yet confirmed
Reliance on the company's own estimatesMarket share and the expansion of its served market are the company's estimates, and the documents reviewed show no third-party verification. They are hard to check from outsideSourced
Burden of sites and investmentNew facilities in Scottsdale, Dongtan and Almere raise capital expenditure (guidance of €150 to 250 million a year). Almere is described as "several hundred million euros". If demand falls short of expectations, the burden could growSourced / Inference
Hiring skilled peopleHeadcount rose by 389 (FTE) in the first half of 2026 and overall attrition rose to 15% (14% in the first half of 2025). Recruiting and retention could become a burden as the business expandsSourced / Inference (hiring and retention burden)

12. Glossary

ALD (atomic layer deposition)
A method that pulses precursor and reactant in turn to build a film one layer at a time. See our explainer on atomic layer deposition.
PEALD
Plasma-enhanced ALD. A plasma supplies the reaction energy, so films can be made at lower temperatures.
Precursor
The chemical that supplies a film's material. In ALD it is delivered as a gas that reacts with the substrate surface.
Self-limiting reaction
A reaction that stops once the surface is saturated. It is why thickness depends on the number of cycles.
GAA (gate-all-around)
A transistor whose gate surrounds stacked nanosheet channels on all sides. See our explainer on nanoscale transistors.
High-k / metal gate
A gate insulator with a high dielectric constant, and a metal gate electrode. Typical layers made by ALD.
Dipole layer
An extremely thin layer used to tune a transistor's threshold voltage (for devices with several threshold voltages).
Selective ALD (ASD)
Growing a film only on certain surfaces. Intended to widen the alignment margin.
Epitaxy (Epi)
Growing a crystalline film that follows the crystal underneath. Another main product line of ASM.
JDP (joint development program)
A program with a customer to develop tools and processes for volume production.
Educational illustration: ASM International
Fig. 3 Concept image of handling a wafer inside an ALD tool (an AI-generated concept; it does not depict an actual facility or product). It shows, in one picture, a wafer being carried into a deposition tool.

13. References

  1. ASM International Annual Report 2025 (published 12 March 2026). Business overview, revenue and profit, the ALD and epitaxy businesses, R&D, partnerships, capital expenditure and customer concentration. https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
  2. ASM International Press release "ASM reports Q4 and full-year 2025 results" (3 March 2026). Equipment and spares & services revenue for 2025, and orders. https://www.asm.com/media/yvxbavwe/20260303-asm-reports-q4-and-full-year-2025-results.pdf
  3. ASM International Press release "ASM reports second quarter 2026 results" (28 July 2026). Second-quarter results, outlook, and remarks on the 1.4nm node. https://www.asm.com/media/y0mkxj21/20260728-asm-reports-second-quarter-2026-results.pdf
  4. ASM International Interim Report 2026 (first half of 2026). Revenue, R&D expenses and headcount for the first half. https://www.asm.com/media/4s2bztwz/asm-statutory-interim-report-2026.pdf
  5. ASM International Company website, "ALD". The ALD principle, thermal ALD and PEALD, and the list of tools. https://www.asm.com/our-technology-products/ald
  6. ASM International Company website (source of the logo image). https://www.asm.com/media/uotnslj4/asm-logo2022_rgb_innovationpurple-1.png

14. Claim-to-source audit

Claim in the textTypeSource
ASM International N.V. is a Dutch company headquartered in Almere, listed on Euronext Amsterdam (ASM) and in the AEX index. Fiscal year ends 31 DecemberSourcedReference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf Reference 3 https://www.asm.com/media/y0mkxj21/20260728-asm-reports-second-quarter-2026-results.pdf
2025: revenue of €3,173.2 million (2024: €2,932.7 million), equipment revenue of €2,457.5 million (€2,303.3 million), spares & services revenue of €715.7 million (€629.4 million), gross profit of €1,643.6 million (51.8% margin), operating result of €938.0 million (€802.1 million), net R&D expenses of €409.0 million (€369.8 million)SourcedReference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf Reference 2 https://www.asm.com/media/yvxbavwe/20260303-asm-reports-q4-and-full-year-2025-results.pdf
Gross R&D spending of €512 million (+9%), capital expenditure of €218 million (2024: €168 million), 4,519 employees (2024: 4,558). 27% of employees work in R&D. 8 R&D centers worldwideSourcedReference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
ALD is the largest product line and more than half of equipment sales. ALD alone is not disclosed. It grew by a double-digit percentage in 2025SourcedCompany statement. Reference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
By region: Asia 80.2% (€2,544.1 million), the United States 15.3%, Europe 4.5%. Equipment sales to China were above 30% of revenue. The five largest customers 53.6%, the ten largest 72.3%, and two customers above 10%SourcedReference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf Reference 2 https://www.asm.com/media/yvxbavwe/20260303-asm-reports-q4-and-full-year-2025-results.pdf
First half of 2026: revenue of €1,865.6 million (+11%; +20% at constant currency), equipment of €1,470.0 million, spares & services of €395.6 million, gross margin of 52.6%, adjusted operating result of €616.4 million (33.0%), adjusted net R&D expenses of €209.9 million. Equipment sales: logic/foundry 77%, memory 15%, power/analog/wafer and other 8%. 4,908 employees (FTE) at the end of June 2026SourcedReference 4 https://www.asm.com/media/4s2bztwz/asm-statutory-interim-report-2026.pdf
Second quarter of 2026: revenue of €1,003.1 million. Q3 outlook of €1,100 million (±5%, at constant currency), with the second half more than 20% above the first. 2027 revenue expected to exceed the top of the €3.7 to 4.6 billion target rangeNot yet confirmedThe company's outlook. Reference 3 https://www.asm.com/media/y0mkxj21/20260728-asm-reports-second-quarter-2026-results.pdf
2030 revenue of €5.7 billion or more (annual growth of at least 12%), operating margin above 30%. Spares & services to grow more than 12% a year, with outcome-based services above halfNot yet confirmedCompany target. Reference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
The ALD principle: precursor and reactant pulsed in turn with an inert-gas purge; self-limiting surface reactions set thickness by cycle count; even coverage of relief; nanolaminates possible. PEALD uses RF plasma to supply reaction energySourcedCompany statement. Reference 5 https://www.asm.com/our-technology-products/ald
The list of ASM ALD tools (EmerALD XP, Pulsar, Synergis, XP8 DCM/QCM/JQCM/Magma and others) and the configuration of the XP4, XP8 and XP8ESourcedCompany statement. Reference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf Reference 5 https://www.asm.com/our-technology-products/ald
Mo ALD and ASD entered volume production at the 2nm node. Mo ALD wins at the 1.4nm node. Mo ALD adoption slower than anticipated. 1.4nm pilot-line investment in H2 2026 and volume production in 2027 to 2028 (customers' plans)Not yet confirmedCompany statement. Reference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf Reference 2 https://www.asm.com/media/yvxbavwe/20260303-asm-reports-q4-and-full-year-2025-results.pdf Reference 3 https://www.asm.com/media/y0mkxj21/20260728-asm-reports-second-quarter-2026-results.pdf
GAA transistor layers: high-k, dipole layers and work-function metals. About 60% of ALD layers at 1.4nm (50% at 2nm)Not yet confirmedCompany outlook. Reference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
The ALD portfolio grew from three to four layers in 2003 to more than 80; reference processes for more than 70% of elements in the ALD literature; Pulsar first used in volume manufacturing of hafnium-based high-k gates at 45nm in 2007; a role in the move to 22nm in 2011SourcedCompany statement; not independently verified. Reference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
Founded in 1968; ASM America 1976, ASM Japan 1982. Joint venture with Philips in the mid-1980s on lithography (now ASML), share sold in 1988. ASM Microchemistry in 1999, ASM Genitech Korea in 2004, LPE in 2022 and Axus in December 2025. 24.65% of ASMPTSourcedReference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
Net cash of €81 million for Axus (and a €100 million earn-out for LPE: €181 million of M&A-related cash)SourcedReference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
A partnership with imec since 1990 (on site since 1994) and a sixth strategic partnership agreement in January 2026. The ALD Center of Excellence with the University of Helsinki. The SRC Nanomanufacturing Processes program. A four-year collaboration with TU/e (2024) and one with TU Delft. Projects through NWO (TTW) and VLAIO. JDPs with customers (to N+2 and beyond)SourcedReference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
The Scottsdale R&D center is under construction and planned to open in early 2027. The Dongtan (Korea) center completed its next phase in 2025. A new Almere headquarters and R&D facility with several hundred million euros of investment (intention announced December 2025). Capex guidance of €150 to 250 million a yearNot yet confirmedCompany plan. Reference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
Possible future export-control measures could further limit the available market in ChinaSourcedThe company's risk statement. No specific rule coming into force is described. Reference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
Headcount rose by 389 (FTE) in the first half of 2026, and attrition rose to 15% (14% in the first half of 2025)SourcedReference 4 https://www.asm.com/media/4s2bztwz/asm-statutory-interim-report-2026.pdf
Sales, profit, shipments and R&D for ALD alone; numerical performance of the ALD tools; names of 1.4nm customers; individual grant amountsNot yet confirmedNot stated in the documents reviewed, so not confirmed. We do not estimate them (outlook).
The company's market-share and market-size figures are not adopted hereOur calculationThis article's policy, because their basis is the company's own estimates or outside research firms.
The logo image is from the company websiteSourcedReference 6 https://www.asm.com/media/uotnslj4/asm-logo2022_rgb_innovationpurple-1.png
The four-type grouping and the example company namesOur calculationOur own grouping. Company names are examples from companies covered in this series.
"ALD adds roughly one atomic layer per cycle, so more layers mean more cycles and time" and "multi-chamber configurations are aimed at throughput"Our calculationCommentary: a general explanation and this article's interpretation, not figures from the company's documents.
The reading that ASM values being adopted for the combination of precursor, tool and recipeInferenceOur interpretation of the description of JDPs and of the division of roles between Helsinki and Leuven. Reference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf
The reading that recruiting and retention could become a burden as the business expandsInferenceOur interpretation of the headcount rise and the higher attrition in the interim report. Reference 4 https://www.asm.com/media/4s2bztwz/asm-statutory-interim-report-2026.pdf
The reading that placing R&D near customers and research institutes is the aimInferenceOur interpretation of where the sites are (for example, Leuven is on imec's premises). Reference 1 https://www.asm.com/media/3skhiimk/asm-2025-annual-report.pdf

Last updated 9 October 2026 / Troy Technical
Figures in this article come from ASM International's Annual Report 2025, its results announcements (March and July 2026), its interim report for the first half of 2026, and its website. No research-firm estimates or press-based figures have been used. Market share and market size are the company's own estimates and are not adopted here. The company's outlooks, plans and targets are its own statements and have not been independently verified. Passages marked "Inference" are this article's interpretation of primary sources, not statements made by the company.

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