RoodMicrotec N.V. publishes the Interim Report for 2023

• Total income grew by 18.5% to EUR 8.7 million (HY1 2022: EUR 7.3 million)
• EBITDA increased to EUR 1.8 million (HY1 2022: EUR 1.4 million)
• Net profit rose to EUR 0.9 million (HY1 2022: EUR 0.6 million)

Deventer, July 20, 2023 – RoodMicrotec N.V., a leading independent company for semiconductor supply and quality services, today publishes the Interim Report for the six-month period ended June 30, 2023.
RoodMicrotec reports a total income of EUR 8.7 million for the first half-year of 2023, which is 18.5% higher than the total income reported for the first half-year of 2022 and 6% lower than for the second half-year of 2022. The increase in total income is driven by a continued strong delivery level, especially by the Test Operations unit. The slight reduction between the second half-year of 2022 and the first half-year of 2023 is predominantly due to the normal cyclical business in the semiconductor industry, where the second half of the year typically can be characterized by stronger demand.

Operational Unit (x EUR 1,000) HY1 2023 HY1 2022 Change
Test Operations 5,845 4,496 30.0%
Supply Chain Management 1,466 1,398 4.9%
Qualification & Failure Analysis 1,356 1,423 -4.7%
Total 8,667 7,317 18.5%

Total operating expenses for the first half-year of 2023 amounted to EUR 6.8 million against EUR 5.9 million for the first half-year of 2022, while cost for raw materials and consumables remained stable at EUR 1.1 million. Personnel expenses increased to EUR 4.0 million (HY1 2022: EUR 3.6 million) due to bonus expenses and an increase in the number of employees. Other operating expenses increased to EUR 1.7 million (HY1 2022: EUR 1.2 million), predominantly due to the costs incurred for financial and legal advice and support in relation to the Public Offering process in the amount of EUR 0.5 million for the first half-year of 2023.

EBITDA increased from EUR 1.4 million for the first half-year of 2022 to EUR 1.8 million for the first half-year of 2023. Through excellent cost control we have succeeded in further reducing the overall costs as a percentage of total income by 1.4% in the first half-year of 2023. The cost of raw materials stayed at EUR 1.1 million in the first half-year of 2023, but as percentage of total income came down by 2%-points to 13% compared to first half-year of 2022.

Depreciation charges of EUR 0.8 million were higher in the first half-year of 2023 (HY1 2022: EUR 0.7 million) due to capital expenditure during the second half-year of 2022 and the first half-year of 2023. Total financial expenses maintained at the same level of EUR 0.1 million for the first half-year of 2023 and 2022.

Net profit for the first half-year of 2023 increased by 35% to EUR 0.9 million compared to the first half-year of 2022.

Adjusting for non-recurring costs incurred for financial and legal advice and support in relation to the Public Offering process in the amount of EUR 0.5 million in the first half-year of 2023, the adjusted EBITDA would have been EUR 2.3 million (HY1 2022: EUR 1.4 million) and the adjusted net profit would have been EUR 1.4 million (HY1 2022: EUR 0.6 million).

Financial data (x EUR 1,000) Note HY1 2023 HY1 2022
Total Income 8,667 7,317
EBITDA 1,825 1,440
Adjusted EBITDA 1 2,286 1,440
Net profit 869 644
Adjusted net profit 1 1,330 644

Note 1: after excluding non-recurring costs incurred for financial and legal advice and support in relation to the Public Offering process in the amount of EUR 0.5 million in the first half-year 2023

Net cash flow from operating activities for the first half-year of 2023 was positive with EUR 1.8 million (HY1 2022: EUR 0.3 million). The increase results from higher net profit and reduced working capital compared to the first half-year of 2022. Cash flow from investing activities was EUR 0.5 million negative (HY1 2022: EUR 0.4 million negative). Cash flow from financing activities for the first half-year of 2023 amounted to EUR 1.2 million negative (HY1 2022: EUR 0.5 million negative), including EUR 1.1 million for redemption of the non-controlling interest (HY1 2022: EUR 0.4 million negative). Total net cash flow for the first half-year of 2023 amounted to EUR 0.1 million positive (HY1 2022: EUR 0.6 million negative). Cash and cash equivalents at the end of the half-year of 2023 amounted to EUR 3.7 million (December 31, 2022: EUR 3.6 million; June 30, 2022: EUR 1.9 million).

“The first six months of 2023 have continued to run at the same level as the second half-year of 2022 which meant a good start for the whole year. We still see some supply challenges in the world, but we have been able to continue our Test Operations at a high utilization level. The load situation at the end of the second quarter, in combination with our current order book level provide a solid base for the second half-year of 2023.”, says Martin Sallenhag, CEO of RoodMicrotec.

Interim Report 2023 (reviewed by KPMG Accountants N.V. due to Public Offering process)
You will find the complete Interim Report 2023, which is available in English only, on our corporate website: www.roodmicrotec.com/en/investor-relations-en/financial-publications.
The Interim Report 2023 has been reviewed by KPMG Accountants N.V. pursuant to the provisions of Appendix B, Paragraph 2 sub 2.4 of the Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft). The review opinion issued by KPMG Accountants N.V. is attached to the Interim Report 2023.

Outlook
RoodMicrotec expects the total income for 2023 to be in the range of EUR 17.0 million to EUR 17.5 million, with a profit before tax of 5-10%. The geopolitical situation in the world and the current energy crisis throughout Europe could have an impact on the Company’s business. RoodMicrotec is keeping a close eye on the situation and is doing everything possible to mitigate any potential negative impact.

Financial calendar
July 20, 2023 Conference call for media, analysts and shareholders
October 19, 2023 Trading update for the third quarter of 2023
[Date to be determined] Extraordinary General Meeting of Shareholders (in relation to the Public Offer by Microtest)
Conference call
CEO Martin Sallenhag and CFO Arvid Ladega will present the Interim Report 2023 and hold a Q&A session. You are invited to join RoodMicrotec’s conference call for media, analysts and shareholders (a Microsoft TEAMS event) on
Thursday, July 20, 2023 at 9:30 CEST

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+49 69 509544247 Germany, Frankfurt am Main
+31 20 399 9804 The Netherlands, Amsterdam
+32 2 895 09 68 Belgium, Bruxelles
+41 43 217 23 02 Switzerland, Zurich
+39 02 3206 8489 Italy, Milano
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Phone Conference ID: 236 111 572#

Forward-looking statements
This press release contains a number of forward-looking statements. These statements are based on current expectations, estimates and prognoses by the Board of Management as well as on the information currently available to the Company. The statements are subject to certain risks and uncertainties, which are hard to evaluate, such as the general economic conditions, interest rates, exchange rates and amendments to statutory laws and regulations. The Board of Management of RoodMicrotec cannot guarantee that its expectations will materialize. Furthermore, RoodMicrotec does not accept any obligation to update the statements made in this press release.

About RoodMicrotec
With more than 50 years of experience in the semiconductor and electronics industry, RoodMicrotec is a leading independent company for semiconductor supply and quality services. RoodMicrotec is a highly valued partner for many companies worldwide and offers specifically tailored turnkey solutions for each single customer's requirements. The turnkey services include project management, wafer test, assembly, final test, qualification, failure analysis, and logistics. All services provided by RoodMicrotec meet the high quality standards of the automotive, industrial, healthcare, and high reliability aerospace sectors. RoodMicrotec is headquartered in Deventer, Netherlands, with operational units in Nördlingen and Stuttgart, Germany.
For more information, please visit https://www.roodmicrotec.com

Further information
Martin Sallenhag, CEO or Arvid Ladega, CFO
Phone +31 570 745623, E-mail [email protected]

This press release is published in English only. This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. The company’s managing director and CEO Martin Sallenhag, is responsible for arranging the release of this document on behalf of RoodMicrotec.

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At the end of 2022, there were 167 semiconductor fabs processing 300mm wafers for the fabrication of ICs, including CMOS image sensors, and non-IC products such as power discretes.

While the semiconductor market downturn persists, 13 new 300mm wafer fabs are still being brought online in 2023. These new fabs are mostly for the production of power transistors, advanced logic, and foundry services.

Based on construction schedules as of late 2022, 15 300mm fabs will be brought online in 2024, 13 of them for production of ICs. A record number of fabs are expected to open in 2025 with 17 scheduled to begin production. With cutbacks in spending during 2023, some fabs previously scheduled to open in 2024 could be delayed to 2025. By 2027, the number of 300mm fabs in operation should exceed 230. These are projections made in Knometa’s Global Wafer Capacity 2023 report.

An increasing number of 300mm fabs are being built to fabricate non-IC devices, and power transistors in particular. The manufacturing cost benefits of processing chips on the large wafers come into play for device types characterized by large die sizes and high volumes. Examples of integrated circuits with these characteristics include DRAMs, flash memory, image sensors, complex logic and microcomponent ICs, PMICs, baseband processors, audio CODECs, and display drivers. While large-size power transistors are still small compared to the die sizes of these ICs, they ship in high volumes and are big enough to keep a 300mm fab loaded at a cost-effective production level.

Of the 13 300mm wafer fabs opening in 2023, five are focused on the production of non-IC products, with three of them located in China and two in Japan.

Two-thirds of the new 300mm fabs opening this year are for foundry services, with four of them wholly dedicated to the service of fabricating semiconductors for other companies on a foundry basis.

ST formed two separate partnerships to add new 300mm fab capacity at existing sites in Crolles, France, and Agrate, Italy. In Crolles, ST is working with GlobalFoundries to add new capacity for advanced logic and foundry services. In Agrate, ST and Tower Semiconductor are adding capacity for mixed-signal, power, RF, and foundry services.

Much of the pain from the current market contraction is being felt in the memory chip arena. Not surprisingly, there are no new 300mm fabs for memory opening in 2023.

About Global Wafer Capacity 2023
Global Wafer Capacity provides a detailed examination of existing fab capacity along with a five-year forecast to 2027. The report has been published on an annual basis since 2007, initially by IC Insights. In December 2021, IC Insights transferred business associated with Global Wafer Capacity to co-founder Trevor Yancey. Mr. Yancey became an independent contractor in 2014 but continued as the principal analyst and project manager for Global Wafer Capacity. Published in January 2023, Global Wafer Capacity 2023 is sold by Mr. Yancey’s company Knometa Research. For more information, visit https://knometa.com/gwc.

About Knometa Research
Knometa Research is a semiconductor technology and market analysis firm led by former IC Insights executive, Trevor Yancey. Mr. Yancey co-founded IC Insights in 1997 with Bill McClean and Brian Matas. In 2014, Mr. Yancey established Knometa Research to serve as an independent contractor for IC Insights and TechSearch International. For more information, visit https://knometa.com.

• Read more about Despite market weakness, new 300mm fabs still opening in 2023, many for power discretes

Brewer Science Presents Printed and Flexible CO2 Sensors at Carbon 2023 Conference

Cost-efficient and robust screen-printed sensors are the future of CO2 sensing

Cancun, Mexico– July 13, 2023 –Brewer Science, Inc., a global leader in developing and manufacturing next-generation materials and processes for the microelectronics and optoelectronics industries, will present Printed and Flexible CO2 Sensors Prepared via Different Carbon Materials: A Comparison Study at Carbon 2023 conference in Cancun, Mexico.

Reliable, inexpensive CO2 sensors are desired by many industries

Gas sensors are crucial components of intelligent detection systems, which have garnered remarkable interest in the past few decades. Carbon dioxide (CO2) sensors are of fundamental importance in a wide variety of applications including clinical analysis, environmental monitoring, agri-food, and chemical fields. Even though the market potential of CO2 sensors is huge, fabricating a reliable and inexpensive sensor is still challenging.

Screen-printed CO2 sensors using carbon materials offer cost-efficient robust solution

“Following up on our previous work, we proposed a comprehensive study comparing the manufacturing process and sensing performance of screen-printed CO2 sensors using different carbon materials.” states Dr. Jiadeng Zhu, Principal Investigator and Team Lead of Sensor Materials at Brewer Science.

Polyethyleneimine (PEI)/functionalized carbon nanotubes (f-CNTs) (PEI/f-CNTs) and PEI/carbon black (PEI/CB) composites were utilized as the sensing agents for screen-printed CO2 sensors. The manufacturing process and sensing performance of the resultant sensors have now been thoroughly explored and compared with a goal of achieving cost-effective and robust sensors.

Dr. Zhu will present the keynote Printed and Flexible CO2 Sensors Prepared via Different Carbon Materials: A Comparison Study at Carbon 2023 conference in Cancun, Mexico on July 17th at 10:30am EST.

If you cannot attend the conference but wish to learn more about Brewer Science’s innovative gas sensor technology or printed electronic capabilities, please submit a request at the bottom of our website.

About Brewer Science
Brewer Science is a global leader in developing and manufacturing next-generation materials and processes that foster the technology needed for tomorrow. Since 1981, we’ve expanded our technology portfolio within advanced lithography, advanced packaging, smart devices, and printed electronics to enable cutting-edge microdevices and unique quality monitoring systems for water and air applications. We are Certified Employee-Owned and a Certified B Corporation™, using our business as a force for good. Our headquarters are in Rolla, Missouri, with customer support throughout the world. Learn more at www.brewerscience.com.

• Read more about Brewer Science Presents Printed and Flexible CO2 Sensors at Carbon 2023 Conference

Sold to Littelfuse, a U.S.-headquartered industrial technology company, for 93 million Euro

SEATTLE, June 28, 2023 – ATREG, Inc., the premier global firm in the semiconductor industry for initiating, brokering, and executing the exchange of advanced technology cleanroom manufacturing assets, announced today that it has successfully advised Elmos Semiconductor SE on the sale of its 200mm wafer fab located in Dortmund, Germany to Littelfuse, Inc., a diversified, industrial technology manufacturing company headquartered in Chicago, Illinois. Elmos has entered into a definitive agreement with Littelfuse for a total purchase price of approximately 93 million Euro for the Dortmund wafer fab. In addition, Elmos and Littelfuse have agreed to enter into a defined multi-year capacity sharing arrangement with an initial term lasting through 2029, with Elmos buying defined volumes of wafers produced at the fab.

"The ATREG team has been instrumental in bringing the right caliber of global buyers to the table and demonstrated the persistence needed in achieving a transaction that met all of our business objectives," explains Elmos CEO Dr. Arne Schneider. “The sale of this wafer fab is an important structural alignment to our strategy, and over time, also brings new products and technologies to the Dortmund wafer fab and its workforce. We greatly appreciate ATREG’s long-term partnership and strong industry relationships that have enabled us to get to this successful outcome with Littelfuse.”

“This transaction is positive for both Elmos and Littelfuse, and at a time when global demand for 200mm wafer fab equipment and capacity is at an all-time high,” adds Stephen Rothrock, founder, president and CEO of ATREG. “We are very pleased to have played a pivotal role in this transaction by providing strategic guidance and comprehensive advisory services.”

About ATREG, Inc.
ATREG is the only firm in the world dedicated to the holistic exchange of advanced technology manufacturing infrastructure. A linchpin of the semiconductor industry for nearly 25 years, ATREG has served as an objective intermediary in the transfer of over $30 billion in assets, acting as an indispensable conduit for the growth of its partners and the industry as a whole while remaining uniquely focused on aggregate asset deployment and human capital retention. For more information, please visit our web site, read our blog, or follow us on LinkedIn and Twitter.

• Read more about ATREG Successfully Assists Elmos Semiconductor SE with the Sale of its 200mm Wafer Fab in Dortmund, Germany

Effective July 1st, Photodigm is reducing the retail price of its Distributed Bragg Reflector (DBR) semiconductor laser diodes by 25% and showcasing a new product strategy to deliver savings and simplicity to its global customer base.

JUNE 26, 2023 (RICHARDSON, TX) –– Photodigm is thrilled to announce that as of July 1st, its entire product portfolio of Distributed Bragg Reflector (DBR) laser diodes will receive a historic 25% price reduction and new strategic approach to deliver savings and simplicity to its global customer base.

The semiconductor manufacturer announced a progressive tiered pricing strategy earlier this year to provide discounts on higher-volume orders of 100 units or more. As customer demand continued to increase, Photodigm intentionally invested in R&D projects partnering with the Office of Naval Research (ONR) to raise yields and overall volume of their fab, evolving from the company’s early years of on-demand production where it operated much like a university research lab.

“As we continue our journey to ever-improving laser lifetimes with better quality, higher yields, and gains in our overall production process, we are intentionally leveraging every opportunity to drive value to our customers,” said Bill Stuart, President and CEO of Photodigm.

Photodigm’s product portfolio now boasts thirty-two wavelengths of DBR laser diodes including Spectroscopy Certified devices tuned to unique elements like Rubidium which is often used in biomedical sensing applications or atomic clocks in GPS-denied environments for military applications.

To empower its customers, Photodigm restructured its product line around four simple decisions –– application (wavelength), functionality (chip architecture), added customization, and device packaging all with transparent pricing to provide a clear understanding of the added value in each selection.

“We’re putting our customers in the driver's seat by providing them with greater insight into our product capabilities and pricing than ever before,” says Mandy Eaton, VP of Sales & Marketing at Photodigm. “One of our core tenets at Photodigm is to foster innovation through collaboration and our new strategic approach to our product [portfolio] invites customers to shop, but also prompts them to ask themselves what they really need our technology to provide, which helps us evolve together.”

Photodigm, Inc. is the only 100% U.S.-based commercial manufacturer of semiconductor DBR laser diodes 730–1090nm with a global clientele of corporations, government entities, space programs, research labs, and universities. View the new catalog offering and updated pricing at www.photodigm.com/DBR.

About Photodigm, Inc.
For over 20 years Photodigm, Inc. has been the only 100% U.S.-based semiconductor manufacturer of single spatial and longitudinal mode Distributed Bragg Reflector (DBR) laser diodes. DBR lasers are essential to quantum sensing and atomic clock manufacturers, optical metrology and sensing, and laser spectroscopy. Headquartered in Richardson, Texas, they design and produce fixed wavelength diode lasers best known for their accuracy and reliability. Learn more at Photodigm.com.

• Read more about PHOTODIGM UNVEILS A STRATEGIC PRODUCT RESTRUCTURING PAIRED WITH A 25% PRICE REDUCTION AS CUSTOMER DEMAND CONTINUES TO DRIVE INCREASED PRODUCTION

TEMPE, AZ: Moov, the world’s largest and fastest growing marketplace for used semiconductor equipment, today announced it will be unveiling new product features at this year’s SEMICON West exhibition and conference in San Francisco from July 11 through July 13. The company will be welcoming attendees of the event to view a demonstration of these new marketplace features at booth #5749.

The annual SEMICON West conference is North America’s leading event for the electronics manufacturing and design supply chain industries. It is the continent’s largest semiconductor trade show.

“We are excited to show semiconductor manufacturers, refurbishers, and service providers the ease of buying and selling equipment through Moov,” said Moov CEO and cofounder Steven Zhou. “We have unveiled a number of new features that not only help production line managers and procurement specialists find the ideal tool quickly, but also enable semiconductor manufacturers to truly employ a circular economy strategy when it comes to procuring and offloading equipment at enterprise scale.”

One feature that will be unveiled at Semicon West will help fabrication facilities automate the process of finding a new tool. Buyers can input tool specifications, requirements, and priorities and receive automatic notifications when a match becomes available on Moov’s marketplace. Another feature will offer semiconductor manufacturers a more streamlined process to manage high volumes of surplus equipment, and get exclusive information on secondary market demand and potential resale pricing.

In addition to unveiling new marketplace features that enable manufacturers to scale their used equipment procurement strategy, Moov will be speaking about its new enterprise partnerships division which helps manufacturers operationalize a sustainable strategy for offloading idle and surplus assets.

“Moov’s global reach and marketplace technology helps us ensure manufacturers have an easy, scalable, secure way to sell their surplus assets – and maximize the capital they are able to recoup on these valuable tools,” said David Duke, Head of Enterprise Partnerships at Moov.

Moov offers semiconductor manufacturers a better solution for buying and selling used equipment through its global marketplace, aftermarket service ecosystem, and enterprise surplus management services.

For more information or to coordinate SEMICON West meetings please email Taylor Ralston at [email protected].

About Moov Technologies Inc.
Headquartered in Tempe, Arizona, and Austin, Texas, Moov is a technology-driven marketplace and asset management platform that matches buyers and sellers of pre-owned semiconductor manufacturing equipment. Built by a team with more than 50 years of experience in the manufacturing equipment brokerage industry, Moov’s platform ensures accurate listings and faster transactions. CEO Steven Zhou and Managing Director Maxam Yeung co-founded the company in 2017. To learn more, please visit Moov.co.

• Read more about Moov to Unveil New Semiconductor Equipment Marketplace Features at SEMICON West 2023