SAN JOSE, Calif. Chip-equipment maker Aixtron AG, which has just acquired Genus Inc., said total fiscal year 2004 revenues rose by 55 percent year-over-year to 140.0 million euros ($181.5 million) in 2004.
Net income totaled 7.1 million euros ($9.2 million) in 2004. This compares to a net loss of 17.8 million euros ($23.1 millon) in 2003.
Paul Hyland, chief executive of the German company, was bullish. "This set of results reflects a strong business recovery by Aixtron," he said in a statement.
"As being predicted by many market watchers, we believe
that the business climate may remain difficult for the next twelve months, but nevertheless, we expect to maintain our very strong position in the compound semiconductor MOCVD system market and remain positive about our ability to
build a much stronger position in both the OVPD display and the silicon semiconductor arenas in the coming year," he said.
"This latter opportunity in silicon is greatly enhanced by the recent acquisition of Genus, and the focus for management in 2005 will be on the integration and consolidation of the Aixtron and Genus Silicon groups," he said.