Norwegian company Norsk Titanium has announced a new supply agreement with Dutch partner Hittech Group, marking its expansion into the semiconductor market. Under the two-year deal, Hittech Bihca BV will procure silicon wafer carrier trays from Norsk Titanium for ASML, the end customer involved in semiconductor chipmaking equipment.
Norsk Titanium’s facility in Plattsburgh, New York, will drive production during this partnership. With its industrial scale capabilities, the facility aims to optimize manufacturing processes, reduce machining requirements, and improve cost-efficiency and delivery timelines for ASML.
While Norsk Titanium is well-known for its commercial aerospace titanium products, it sees this venture as an opportunity to secure a foothold in a new market. Building on its recent successes in qualification and production for the aerospace sector, the company is confident in its ability to scale up production to meet the demands of the semiconductor industry.
Nicholas Mayer, Norsk Titanium’s vice president commercial, expressed his satisfaction over the partnership, emphasizing the company’s commitment to delivering value to customers. He stated that the agreement was the culmination of months of demonstrating their industrial-scale capabilities and fulfilling promised commitments to customers.
In addition to the supply agreement, the partnership between Norsk Titanium and Hittech Group aims to implement a cost-reduction initiative. As production volumes increase over time, the companies aim to enhance value for customers through reduced costs.
Norsk Titanium is globally recognized for its expertise in metal 3D printing, utilizing its Rapid Plasma Deposition (RPD) technology and 700 MT production capacity. This technology and production capacity enable the company to offer value-added metal parts with reduced raw material usage, energy consumption, and lead times compared to traditional forming methods.
With this strategic expansion into the semiconductor market, Norsk Titanium is poised to leverage its capabilities and expertise in the pursuit of growth and innovation.
Article Summary:
Norwegian company Norsk Titanium has entered into a supply agreement with Dutch partner Hittech Group to expand into the semiconductor market. Hittech Bihca BV will procure silicon wafer carrier trays from Norsk Titanium for ASML, a customer in the semiconductor chipmaking equipment industry. Norsk Titanium’s facility in Plattsburgh, New York, will handle production during this partnership, leveraging its industrial scale capabilities to optimize manufacturing processes and reduce costs. The company sees this venture as an opportunity to enter a new market and build on its success in the aerospace sector. The partnership also aims to implement a cost-reduction initiative as production volumes increase.
FAQ Section:
1. What is the purpose of the supply agreement between Norsk Titanium and Hittech Group?
The purpose of the supply agreement is for Hittech Bihca BV to procure silicon wafer carrier trays from Norsk Titanium for ASML, a customer in the semiconductor chipmaking equipment industry.
2. Where will the production take place during this partnership?
The production will take place at Norsk Titanium’s facility in Plattsburgh, New York.
3. How does Norsk Titanium plan to optimize manufacturing processes?
Norsk Titanium aims to optimize manufacturing processes by leveraging its industrial scale capabilities at its facility in Plattsburgh, New York.
4. What does Norsk Titanium hope to achieve by entering the semiconductor market?
Norsk Titanium hopes to secure a foothold in a new market and build on its success in the aerospace sector.
5. What cost-reduction initiative is the partnership aiming to implement?
The partnership aims to implement a cost-reduction initiative as production volumes increase over time.
Key Terms and Jargon:
1. Silicon wafer carrier trays: These are trays used to hold silicon wafers during the semiconductor chipmaking process.
2. Semiconductor chipmaking equipment: Equipment used in the production of semiconductor chips.
3. Industrial scale capabilities: Norsk Titanium’s ability to produce goods on a large scale.
4. Cost-efficiency: The ability to produce goods or provide services at a low cost.
5. Lead times: The time it takes from the start of a process until its completion.
Suggested Related Links:
– Norsk Titanium Official Website
– Hittech Group Official Website
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