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Axcelis Technologies Plans $35 Million Manufacturing Facility in Korea

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Axcelis Technologies (ACLS) plans to invest $35 million to build a new ion implantation equipment manufacturing facility in Pyeongtaek, Gyeonggi Province, in Korea, the company said Tuesday.

The planned 200,000-square-foot facility will feature warehousing, class 1,000 and class 10,000 cleanrooms, and a training center, the company said.

The company plans to break ground on Oct. 20, with production expected to begin in H2 2028, it added.

Axcelis Technologies shares were up nearly 3% in Tuesday trading.

Price: $118.44, Change: $+3.36, Percent Change: +2.92%

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