December 17, 2017 5:37 PM ET

Electronic Equipment, Instruments and Components

Company Overview of AIXTRON Inc.

Company Overview

AIXTRON Inc. sells and distributes manufacturing systems and equipment to the semiconductor industry. The company offers thin film deposition equipment and process technology to produce integrated circuits; chemical vapor deposition (CVD) tungsten silicide; and also commercializes atomic layer deposition (ALD) technology. The company's ALD films are also used in the thin film magnetic head market. AIXTRON Inc. caters to the semiconductor, non-conductor, and storage technology markets. The company was formerly known as Genus, Inc. The company was founded in 1981 and is based in Sunnyvale, California. As of March 10, 2005, AIXTRON Inc. operates as a subsidiary of Aixtron SE.

1139 Karlstad Drive

Sunnyvale, CA 94089

United States

Founded in 1981

156 Employees

Phone:

408-747-7140

Fax:

408-752-0173

Key Executives for AIXTRON Inc.

Secretary and Director
Age: 71
Other Professional
Age: 82
Compensation as of Fiscal Year 2017.

AIXTRON Inc. Key Developments

Akoustis Technologies, Inc. Executes Purchase Order to Purchase a Thin Film Material Deposition Tool from AIXTRON Inc

On June 20, 2017, Akoustis Technologies Inc. executed a purchase order to purchase a thin film material deposition tool, which will be used to grow thin film materials for the company's RF Filter applications from AIXTRON Inc. for an aggregate purchase price of $2.1 million, exclusive of materials necessary for the installation and completion of commissioning the Deposition Tool's use. The Company will also be responsible for the costs of international shipment, import, and onsite preparation for installation and delivery. The company has remitted a $630,000 deposit on the Deposition Tool, as required by the terms and conditions of the Purchase Order, and the Company expects to satisfy the remainder of the purchase price with either cash on hand and/or through debt financing. The final payment will be due upon signed final acceptance of the Deposition Tool at New York facility, but no later than 90 days after the scheduled shipment, which is scheduled to occur in the late third quarter or early fourth quarter of 2017. Failure to satisfy the company's obligations under the Purchase Order could subject the Company to liquidated damages in the amount of 8% of the purchase price. Performance of the Deposition Tool is required to be demonstrated to mutually agreed and defined performance specifications. The Deposition Tool will be subject to three acceptance tests to prove that it meets the agreed specifications related to system hardware, software, and basic functionality. If the installation and acceptance tests cannot be completed within six months from the scheduled shipment date, unless such delay is agreed to in writing or caused by AIXTRON or certain other events, the company must reimburse AIXTRON for the additional costs for the installation and commissioning of the Deposition Tool. In addition, the Company is required to indemnify AIXTRON and its agents, employees, or subcontractors for certain injuries and damages, if any, incurred by them during the performance of their duties under the sales terms and conditions attached to the Purchase Order.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 25, 2017
AIXTRON, Inc., ALD/CVD Memory Product line
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