"In our core CMP business, we achieved record levels of revenue and volume, reflecting what we see as strong demand both by the industry overall and for our own robust products," stated William Noglows, Chairman and CEO of Cabot Microelectronics. "We believe that customer interest remains high in our new CMP slurry products for leading edge applications for both logic and memory devices, and our polishing pad business continues to gain traction in the marketplace."

ASP's of slurries actually rose by 4.9% compared with the prior quarter, primarily due to higher-priced product mix and benefits from the transition to direct sales in Taiwan, the company reported.