financetom
Technology
financetom
/
Technology
/
ASML supplier NTS Group opens Singapore plant
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ASML supplier NTS Group opens Singapore plant
Sep 22, 2024 8:41 AM

AMSTERDAM, Sept 20 (Reuters) - NTS Group, a Dutch-based

maker of "mechatronic" equipment used by semiconductor firms

including neighbouring giant ASML, on Friday opened a

major new assembly and manufacturing plant in Singapore.

Mechatronics integrate mechanical, electronics and software

systems. NTS is known as a supplier of highly complex systems

used in metrology, where top names include Lam Research ( LRCX ), Applied

Materials ( AMAT ), Thermo Fisher and ASML, among

others.

NTS, based in Eindhoven, is the latest of a series of Dutch

semiconductor industry firms to add manufacturing capacity in

Asian countries outside China following tension with the U.S.

The company also has assembly capacity in Shanghai, and

recently opened a U.S. office in Milpitas, California.

"The global demand for ultra-precision components and

modules continues to rise," said the company's new CEO Frans van

Lierop in a statement. Van Lierop, a former ASML supply chain

manager, took the top job at NTS in May.

The company did not disclose the size of the investment, but

a spokesperson said the plant is 20,000 square metres and

employs 300 people.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Deep Dive Into UiPath Stock: Analyst Perspectives (16 Ratings)
Deep Dive Into UiPath Stock: Analyst Perspectives (16 Ratings)
Aug 19, 2024
During the last three months, 16 analysts shared their evaluations of UiPath ( PATH ) , revealing diverse outlooks from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish...
Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions
Aug 19, 2024
Aug 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday: ** AMD said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware. ** Japan's Seven & i ( SVNDF ) said it had received a preliminary...
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
Aug 19, 2024
(Reuters) -AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia. AMD plans to pay for 75% of the ZT Systems acquisition with cash and the remainder in stock. The company had $5.34 billion in cash and short-term...
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
Aug 19, 2024
Aug 19 (Reuters) - AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia ( NVDA ). AMD plans to pay for 75% of the ZT Systems acquisition with cash and the remainder in stock. The company had...
Copyright 2023-2025 - www.financetom.com All Rights Reserved