The improving semiconductor capital equipment market has permeated through to component and sub-systems supplier, Ultra Clean Holdings, which has revised upward its expected revenue for its third quarter financial results. Ultra Clean now expects revenue of between US$39 and US$41 million, compared to previous guidance of US$30 and US$36 million. The company still expects to post a lost for the quarter, but expects this to be lower than previously guided on the back of increased sales.
"We exceeded the high-end of our third quarter guidance as a result of improvement in semiconductor capital equipment industry-wide demand,” noted Clarence Granger, Chairman and Chief Executive Officer of Ultra Clean. “We believe we have demonstrated that we are well positioned to take advantage of the market recovery."
Ultra Clean supplies to major equipment suppliers such as Novellus Systems, Lam Research and Applied Materials.