AMTECH SYSTEMS, INC.
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
Social Achievements
- Increased cross-divisional sharing of resources and expertise, such as best practices and global sourcing.
Climate Goals & Targets
Environmental Challenges
- A prolonged downturn in demand for industrial equipment, computers and smartphones following a spike in demand for these products during the COVID pandemic and a decline in growth expectations for electric vehicles.
- The semiconductor industry is highly cyclical, and the conditions of this industry remain volatile.
- Moderate material costs increases across all our segments.
- Pricing pressure from our customers.
Mitigation Strategies
- Grow consumables revenue to reduce vulnerability to semiconductor business cycles.
- Increase the portion of our product line portfolio tied to high-growth, megatrend end markets such as EV and HEV.
- Customer-centric product development in R&D.
- Enhance and invest in legacy business operations.
- Continually review our pricing plans and supplier agreements, with the objective of passing these increased costs to our customers where possible.
- Continuing to explore additional partnerships with contract manufacturers, who can leverage their buying power on a larger scale.
- Targeted labor reductions as a result of our shift to contract manufacturing and the longer than expected slowdown in the broader semiconductor industry.