Cabot Microelectronics Corporation engages in the development, manufacture and sale of chemical mechanical planarization (CMP) consumables products. The company develops, produces and sells CMP slurries for polishing many of the conducting, insulating and isolating materials used in integrated circuit (IC) devices, and also for polishing the disk substrates and magnetic heads used in hard disk drives. The company also develops, manufactures, and sells CMP polishing pads, which are used in conjunction with slurries in the CMP process. In 2015, the company completed the acquisition of NexPlanar Corporation (NexPlanar), a U.S. based company that had been privately held, which specializes in the development, manufacture and sale of advanced CMP pad solutions for the semiconductor industry. Products CMP Consumables for IC Devices The company develops, produces, and sells CMP slurries for polishing a range of materials that conduct electrical signals, including tungsten, copper, tantalum (commonly referred to as barrier), which is used in copper wiring applications and aluminum. Slurries for polishing tungsten are used heavily in the production of advanced memory and logic devices for a multitude of end use applications, such as computers and servers; mobile Internet devices, such as smart phones and tablets, MP3 players, gaming devices, and digital cameras; and in mature logic applications, such as those used in automobiles and communication devices. The company also develops, manufactures, and sells slurry products used to polish the dielectric insulating materials that separate conductive layers within logic and memory IC devices. The company’s slurry products for these materials are primarily used in mature, high volume polishing applications called Interlayer Dielectric (ILD) in the production of both logic and memory devices. Some of the applications for advanced dielectrics slurries include shallow trench isolation (STI), ‘stop on poly’ isolation, bulk oxide polishing, and polishing of various dielectrics in advanced transistor designs. The company develops, produces, and sells CMP polishing pads, which are consumable materials that work in conjunction with CMP slurries in the CMP polishing process. The company produces and sells pads that can be used on various polishing tools, over a range of applications, including tungsten, copper, and dielectrics, over a range of technology nodes, and on both 200mm and 300mm wafers. CMP Consumables for the Data Storage Industry The company develops, produces and sells CMP slurries for polishing certain materials that are used in the production of rigid disks and magnetic heads used in hard disk drives for computer and other data storage applications, which represent an extension of its core CMP slurry technology and manufacturing capabilities established for the semiconductor industry. Precision Optics Products Through its QED Technologies International, Inc. (QED) subsidiary, the company designs and produces precision polishing and metrology systems for advanced optic applications that allow customers to attain near-perfect shape and surface finish on a range of optical components, such as mirrors, lenses and prisms. QED's metrology systems use proprietary Subaperture Stitching Interferometry (SSI) technology, which captures precise metrology data for large and/or strongly curved optical parts. SSI technology includes proprietary Aspheric Stitching Interferometry (ASI), which is designed to measure increasingly complex shapes, including non-spherical surfaces, or aspheres. QED's products also include MRF polishing fluids and MRF polishing components, as well as optical polishing services and polishing support services. Strategy The company’s strategy is to strengthening and growing its core CMP consumables business; and leveraging its expertise into new areas - engineered surface finishes business. Customers Within the semiconductor industry, the company’s customers are primarily producers of logic IC devices or memory IC devices, or providers of IC foundry services. The company markets its products primarily through direct sales to its customers, although the company uses distributors in certain areas. The company’s QED subsidiary supports customers in the semiconductor equipment, aerospace, defense, research, biomedical and digital imaging markets. In fiscal 2015, the company’s five major customers accounted for approximately 58% of its revenue, with Taiwan Semiconductor Manufacturing Corporation and Samsung accounting for approximately 18% and 15% of its revenue, respectively. Research and Development In the year 2015, the company incurred approximately $59.8 million on research and development expenses. Intellectual Property As of October 31, 2015, the company had 1,253 active worldwide patents, of which 247 are U.S. patents, and 444 pending worldwide patent applications, of which 92 are in the U.S. Environmental Matters The company’s major operations in the United States, Japan, Singapore, South Korea and Taiwan are ISO 14001 Environmental and OHSAS 18001 Safety and Health certified, which requires that the company implements and operates according to various procedures that demonstrate its dedication to waste reduction, energy conservation, injury reduction and other environmental, health and safety objectives. History Cabot Microelectronics Corporation was founded in 1999. The company was incorporated in the state of Delaware in 1999.
cabot microelectronics corp
(CCMP:Consolidated Issue Listed on NASDAQ Global Select )
870 North Commons Drive
Aurora, IL 60504
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