From the President and CEO of SEMI
On Heading Up SEMI— a Strong Association
Stan Myers turned over the SEMI leadership reins to me on November 15, and I am happy to report that he left us with a strong association. SEMI finances and membership continue to rebound from the industry crisis of 2008 and our member satisfaction ratings have never been higher. SEMI services and activities in all our business units continue to grow and we are well positioned for a solid year in 2012 despite some poor economic forecasts.
SEMI reported to our Board of Directors that membership grew over 7 percent to 1,940 members in 2011, primarily due to strong member retention rates and continued growth in PV and emerging markets. While final audited financial results will be reported at our annual Membership Breakfast at SEMICON West, I can now report that strong performance of our exhibitions helped SEMI revenues increase to over $53 million, up approximately 15 percent over 2010. We were able to add over $1.7 million to our association reserves to assure stable services in the event of another deep industry decline or unexpected cancellation of an exhibition. SEMI member satisfaction reached new highs this year as 93 percent of SEMI members rated our performance as "Acceptable" or "Above Acceptable."
SEMI's growth in PV and emerging markets continued to advance in 2011. Currently, approximately 19 percent of the association's revenues are derived from expositions, dues and programs serving solar and emerging markets, especially LED (for additional information see the Business Unit reports). SEMI Standards had an outstanding year with key milestones achieved in PV, 3D-IC and 450mm standards, and new standards committees were established in LEDs and in China. Government relations and industry advocacy programs, particularly related to the Japan earthquake and nuclear power crisis, helped support member interests throughout the world.
Looking forward, SEMI financial performance should be good for the next six months as early booking of booths at the SEMICON shows in Korea, China and West are all strong. I am confident that SEMI staff and SEMI services will continue to respond to member needs with efficiency and effectiveness. Thank you for your continued input, guidance and support and let's look forward to another successful year of industry growth and progress.
President and CEO
February 6, 2012