Ichor Systems: Best Engineering IPO United States 2016
Ichor Systems has market analysts raving – something that doesn’t always come natural to these professionals. The company went public in December 2016 with a listing on the tech-heavy NASDAQ. Investors snapped up shares in the fluid delivery company and saw their stakes double in value within weeks. Ichor Systems shares (ICHR) have since held their value.
Ichor Systems manufactures fluid delivery subsystems which are employed in the production of advanced semiconductors. The company’s gas delivery products are used in capital equipment which etches the microscopic trenches and deposits into these metallic conductors on a semiconductor wafer.
Ichor System’s high precision chemical delivery products are also used in chemical mechanical planarisation, a critical step in preparing the wafer for subsequent rounds of etching and deposition to produce the chips used in so many electrical devices today. Thus, the company’s expertise helps their customers develop better control and quality in the manufacture of semiconductor devices. Ichor System’s customers use their valuable engineering capability for clients seeking turnkey solutions.
The company’s proprietary knowledge of complex fluid delivery systems also finds numerous applications in other non-semiconductor industries like medical, research, oil and gas and energy. Ichor Systems, headquartered in California and with production facilities in California, Oregon, Texas, the UK, and Southeast Asia, is recognised for its sustained investment in product research and development. The company is a long-time partner to the semiconductor industry – evolving its product line in tandem with the advancement of technology.
The CFI.co judging panel is not surprised that Ichor Systems’ IPO delivered strong results – both to the company and to its investors. The judges declare Ichor Systems winner of the 2016 Best Engineering IPO United States Award.
