Novellus Systems (NASDAQ: NVLS) recently announced that it has received a "Best in Value" supplier award from Samsung Electronics at their Supplier Appreciation Day, held in Santa Clara, California. The "Best in Value" designation is the highest honor bestowed by Samsung on a supplier. Presented by Yoon-Woo Lee, vice chairman and CEO of Samsung Electronics to Richard S. Hill, chairman and CEO of Novellus Systems the award recognized Novellus for its outstanding support and contribution to the success of Samsung's semiconductor business.
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In presenting the award, Samsung specifically noted how Novellus has improved the overall productivity of the suite of semiconductor manufacturing tools it supplies to Samsung by increasing system throughput, decreasing total cost-of-ownership (COO), and reducing system energy costs. "Novellus is very pleased to be recognized by Samsung for this significant achievement," said Tim Archer, Novellus' Executive Vice President of Worldwide Sales, Marketing, and Customer Satisfaction. "We are committed to working with Samsung to continually improve their semiconductor manufacturing processes, as well as the performance of our installed base of products. This strategic partnership achieves our mutual goals of enabling advances in semiconductor technology while concurrently reducing manufacturing costs." Founded in 1984, Novellus Systems Inc. is a leading supplier of chemical vapor deposition (CVD), physical vapor deposition (PVD), electrochemical deposition (ECD), ultraviolet thermal processing (UVTP), and surface preparation equipment used in the manufacturing of semiconductors. Novellus Systems, products are used to deposit extremely thin films of insulating and conductive materials that are used to create the wiring on a chip. Novellus Systems is a leading provider of advanced process equipment for the global semiconductor industry. The company's products deliver value to customers by providing innovative technology backed by trusted productivity. An S&P 500 company, Novellus is headquartered in San Jose, Calif. with subsidiary offices across the globe.
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