Eaton Corp. completes Axcelis spin-off

Cleveland, Ohio–Eaton Corp. has completed the spin-off of its semiconductor equipment operations into a wholly owned subsidiary, Axcelis Technologies, Inc., based in Beverly, Massachusetts.

In April 2000, Eaton announced plans to reorganize its semiconductor equipment operations and spin-off Axcelis. After distributing shares of Axcelis common stock as a dividend on each Eaton common share outstanding on December 6, 2000, Eaton no longer owned any Axcelis shares. Axcelis is now a fully independent, publicly traded company.

Axcelis is a leading producer of ion implantation equipment used in the fabrication of semiconductors. The company also produces dry strip, photostabilization, and rapid thermal processing equipment used in semiconductor manufacturing.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.