UMS Holdings

[Nick]

If I recalled correctly, UMS don't engage in R&D. There is no UMS brand or products in the semiconductor field. They are simply contract manufacturers. I believe AMAT hands them the specs and designs and UMS manufacture or assemble it as per contract requirement. The Endura system has been around for 2 decades and undergone numerous changes as AMAT revolutionizes it. I don't believe UMS plays any role in this R&D. I suspect what Andy meant is that UMS upgrades its manufacturing capabilities via purchasing new machines or acquiring companies with specialized processes (IMT) to meet the higher spec requirements from new AMAT products.

(Vested)