SAN JOSE -- Silicon Valley Group Inc. today reported it received new orders for 26 Micrascan lithography systems in the company's fiscal fourth quarter, ended Sept. 30, and sales in the period increase 26% to a record $239.9 million compared to $189.8 million a year ago.
SVG posted a net income of $15.9 million in the fiscal fourth quarter, including a pretax insurance reimbursement of about $1 million. A year ago, the company reported a net income of $1.6 million.
Sales for the entire fiscal year, ended Sept. 30, were $842.3 million compared to $473.7 million last year, an increase of 78%. SVG's net income for fiscal 2000 was $46.8 million compared to a net loss of $25.5 million in the prior year.
At the start of this month, ASM Lithography of the Netherlands announced it was acquiring SVG for $1.6 billion in stock (see Oct. 2 story). When the sale is completed--following government reviews and approval by shareholders--ASML believes it will become the world's largest supplier of lithography systems for chip manufacturing.