Introducing MEMC - MEMC Electronic Materials, Inc.
Introducing MEMC - MEMC Electronic Materials, Inc.
Introducing MEMC - MEMC Electronic Materials, Inc.
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Technology is built on us.<br />
<strong>Introducing</strong> <strong>MEMC</strong><br />
<strong>MEMC</strong>, based in St. Peters, Missouri, is a global leader in the manufacture and sale of wafers and<br />
related products to the semiconductor and solar industries. <strong>MEMC</strong>’s products are the building blocks<br />
for the $1 trillion electronics and the $18 billion solar cell and module markets. Through its SunEdison<br />
subsidiary, <strong>MEMC</strong> is also a developer of solar power projects and is North America’s largest solar energy<br />
services provider. <strong>MEMC</strong>, which was founded in 1959, employs approximately 4,800 people worldwide<br />
and recorded sales of $1.2 billion in 2009. <strong>MEMC</strong>’s stock is traded on the New York Stock Exchange<br />
under the symbol WFR and is included in the S&P 500 Index.<br />
<strong>MEMC</strong> operates three business units: Semiconductor <strong>Materials</strong>, Solar <strong>Materials</strong> and Solar Energy.<br />
Semiconductor <strong>Materials</strong><br />
Served market size: $7 billion<br />
Silicon wafers are the foundation<br />
upon which semiconductor devices<br />
are built. Semiconductor devices<br />
in turn supply the intelligence in all<br />
electronic devices from computers to<br />
smart phones, TVs, gaming devices,<br />
music players, appliances and even<br />
satellites. Our innovations add value<br />
for semiconductor device makers,<br />
helping them reduce costs while<br />
improving the devices they build by<br />
holding more memory, performing<br />
faster or having longer battery life.<br />
Funding these advancements and<br />
next generation technologies requires<br />
financial strength and asset-efficient<br />
strategies. This has contributed<br />
to the reduction in the number of<br />
competitors we face from dozens<br />
before 1990 to about six today.<br />
solar <strong>Materials</strong><br />
Served market size: $10 billion<br />
Silicon wafers are also the foundation<br />
for most solar cells. Grouped together<br />
to form solar modules, cells convert<br />
energy from the sun into usable electricity.<br />
While solar energy installations<br />
have grown at a compound annual<br />
growth rate in excess of 40 percent<br />
during the past decade, solar energy<br />
still represents less than 1 percent<br />
of the world’s energy consumption.<br />
<strong>MEMC</strong> is uniquely positioned to<br />
help increase the prevalence of<br />
solar technology around the world.<br />
The Company’s aggressive cost<br />
reductions, production efficiencies<br />
and focus on proprietary technology<br />
development, are aimed at helping<br />
customers achieve grid parity, making<br />
solar energy cost competitive without<br />
government subsidies.<br />
Solar Energy (SunEdison)<br />
Served market size: $39 billion<br />
Corporations, government agencies<br />
and utilities around the world have<br />
become increasingly interested in<br />
generating solar energy on their<br />
roof or other property. SunEdison<br />
develops, finances, installs and<br />
operates such distributed solar<br />
power plants for its customers.<br />
The customer then purchases the<br />
electricity at predictable, competitive<br />
prices over a fixed time period.<br />
SunEdison’s proprietary Client<br />
Connect software gives customers<br />
full visibility into the performance<br />
of their solar power plants, including<br />
electricity production, energy costs<br />
and savings, and environmental<br />
attributes.<br />
Positioned to Lead<br />
Wafer Market Leader<br />
• Integrated polysilicon, semiconductor wafer and solar<br />
wafer provider<br />
• Established and growing customer relationships in over<br />
30 countries around the world<br />
Technology Leadership<br />
• Extensive intellectual property portfolio with more than<br />
700 worldwide patents and 350 applications on file<br />
• First large-volume manufacturer of Fluidized Bed<br />
or “granular” polysilicon<br />
Operational Expertise<br />
• Competitive cost structure with further improvements targeted<br />
• Global manufacturing, sales and service footprint makes<br />
<strong>MEMC</strong> a “local” supplier to our customers<br />
Diversified Markets<br />
• One of only four major suppliers of semiconductor<br />
wafers and a proven supplier to the solar industry<br />
• Balanced market position provides stability and growth<br />
New Opportunities<br />
• Acquired in 2009, SunEdison’s downstream leadership<br />
in solar project development accelerates growth<br />
• Acquired in 2010, Solaicx’s proprietary process and<br />
equipment provides entry into fast-growing, adjacent<br />
monocrystalline solar market
www.memc.com<br />
Global Sales and Manufacturing<br />
Portland, Oregon<br />
St. Peters, Missouri<br />
Merano, Italy*<br />
Novara, Italy<br />
Chonan, South Korea<br />
Utsunomyia, Japan<br />
Sherman, Texas<br />
Hsinchu, Taiwan<br />
Pasadena, Texas*<br />
Ipoh, Malaysia<br />
Kuching, Malaysia<br />
Kuala Lumpur, Malaysia<br />
Manufacturing Facilities Sales & Support Offices SunEdison<br />
St. Peters, Missouri<br />
Sherman, Texas<br />
Pasadena, Texas<br />
Portland, Oregon<br />
Merano, Italy<br />
Novara, Italy<br />
Kuala Lumpur, Malaysia<br />
Kuching, Malaysia<br />
Ipoh, Malaysia<br />
Hsinchu, Taiwan<br />
Chonan, South Korea<br />
Utsunomiya, Japan<br />
* Indicated locations are Polysilicon manufacturing facilities.<br />
St. Peters, Missouri<br />
Santa Clara, California<br />
Sherman, Texas<br />
Paris, France<br />
Novara, Italy<br />
Singapore<br />
Driving Sustained Achievement at <strong>MEMC</strong><br />
Shanghai, China<br />
Hsinchu, Taiwan<br />
Seoul, South Korea<br />
Tokyo, Japan<br />
Toronto, Canada<br />
Prescott, Arizona<br />
Sacramento, California<br />
San Clemente, California<br />
San Francisco, California<br />
Denver, Colorado<br />
Beltsville, Maryland<br />
Pennsauken, New Jersey<br />
Portland, Oregon<br />
San Juan, Puerto Rico<br />
St. Thomas, Virgin Islands<br />
Chennai, India<br />
Seoul, South Korea<br />
Dubai, U.A.E.<br />
Paris, France<br />
Lecce, Italy<br />
Milan, Italy<br />
Barcelona, Spain<br />
Madrid, Spain<br />
<strong>MEMC</strong>’s mission is to provide the highest-value products and services to customers in the semiconductor and solar<br />
industries through exceptional quality, technology, and service.<br />
Values are the foundation of the Company. They define <strong>MEMC</strong> and how work is done, and they never change.<br />
The Company’s decisions are grounded in these values, and they guide relationships with customers, suppliers,<br />
shareholders, the community, and employees. The people of <strong>MEMC</strong> live these values every day: Integrity, teamwork,<br />
diversity, and performance.<br />
<strong>MEMC</strong>’s culture is what makes the Company unique. It’s how <strong>MEMC</strong> chooses to operate the business. It is a<br />
combination of <strong>MEMC</strong>’s vision and philosophy of retaining, promoting, and attracting the right people, operating in a<br />
way that directly reflects the Company’s core values, and putting customers first. The <strong>MEMC</strong> culture is: customer-driven,<br />
externally focused, innovative, lean, and characterized by the belief that challenges equal opportunity.<br />
The Wafer Manufacturing Process<br />
Granular polysilicon Ingot growth Wafer slicing Wafer polishing<br />
(semiconductor)<br />
Epitaxial deposition<br />
(semiconductor)<br />
Wafers in shipping cassette
<strong>MEMC</strong> History<br />
<strong>MEMC</strong>’s history includes decades of innovation, industry leadership and financial prudence. Today we are making<br />
strategic decisions to reduce our risk, expand our served markets and position <strong>MEMC</strong> with the right products and cost<br />
structure to enable future revenue and profit growth. As we begin our next 50 years, our strategic vision is clear and we<br />
have a skilled global team ready to take us forward.<br />
1959 Monsanto <strong>Electronic</strong> <strong>Materials</strong> Company (<strong>MEMC</strong>) formed<br />
1962 CZ silicon crystal process developed<br />
1965 <strong>MEMC</strong> develops polishing process for silicon wafers<br />
1966 First epi reactors installed at <strong>MEMC</strong><br />
1966 Scientists at <strong>MEMC</strong> begin developing zero-dislocation crystal<br />
1975 First commercial production of 100mm wafers<br />
<strong>MEMC</strong> is born in 1959<br />
1982 <strong>MEMC</strong> pioneers epi wafers for CMOS applications<br />
1984 Commercialized 200mm wafers<br />
1989 <strong>MEMC</strong> acquired by E.ON affiliate<br />
1991 300mm wafers developed<br />
First 100mm wafers<br />
1995 <strong>MEMC</strong> Initial Public Offering on the NYSE<br />
1998 <strong>MEMC</strong> develops agglomerated defect free ‘Perfect Silicon’<br />
1999 Advanced generation 200mm DSP wafers developed<br />
2000 <strong>MEMC</strong> introduces defect-free engineered products ‘MDZ’ & ‘Optia’<br />
2002 Significant 300mm expansion<br />
Development of ‘Perfect Silicon’<br />
2003 Expanded New <strong>Materials</strong> R&D group and introduced next generation<br />
300mm ‘Perfect Silicon’<br />
2004 Crossed over $1B revenue mark; acquired Taisil<br />
2005 First 300mm production in Taiwan<br />
2006 Announced entry into solar wafer market on a large scale<br />
2007 <strong>MEMC</strong> added to S&P 500; Began wafer deliveries to solar customers<br />
<strong>MEMC</strong> ships solar wafers<br />
2008 Crossed over $2B revenue mark; crossed $1B to solar market<br />
2009 <strong>MEMC</strong> celebrates 50 year anniversary; acquires leading solar project<br />
developer, SunEdison<br />
2010 Broadened product offering into fast-growing monocrystalline solar<br />
market with acquisition of Solaicx<br />
<strong>MEMC</strong> acquires SunEdison<br />
Contact Information<br />
<strong>MEMC</strong> • 501 Pearl Drive (City of O’Fallon) • P.O. Box 8 • St. Peters, MO 63376 • (636) 474-5000<br />
Contact: Bill Michalek • Director, Corporate Communications • (636) 474-5443 • www.memc.com<br />
AAG100110