KLA Corporation

KLA Corporation operates as a leading supplier of advanced process control and process-enabling solutions for the electronics manufacturing industry. The company's website is located at www.kla.com. KLA was formed in April 1997 through the merger of KLA Instruments Corporation and Tencor Instruments, two pioneering companies in semiconductor capital equipment that began operations in 1975 and 1976 respectively.

The company provides comprehensive equipment and services that enable innovation throughout semiconductor and electronics manufacturing. KLA's solutions help manufacturers achieve technology advancement and high-volume production goals by improving yields while reducing waste, risks and costs. Services account for approximately 23 percent of total revenues and provide maintenance and support to maximize uptime and productivity across the installed base.

KLA operates through three reportable segments. The Semiconductor Process Control segment offers inspection, metrology, chemistry process control and software products for IC, wafer, reticle and packaging manufacturing. The Specialty Semiconductor Process segment develops vacuum deposition and etching tools for MEMS, RF communication semiconductors and power semiconductor manufacturers. The PCB and Component Inspection segment provides inspection and measurement systems for printed circuit boards, IC substrates and packaged components.

The company maintains approximately 17,000 regular full-time employees distributed across 18 major regions globally, with roughly 31 percent located in the United States, 19 percent in Europe and Middle Eastern countries, and 50 percent in Asia. Approximately 27 percent of employees work in research and development, 27 percent in customer service, 21 percent in manufacturing, 4 percent in sales and marketing, and 21 percent in other roles.

International revenues represent a significant portion of KLA's business, accounting for approximately 87 percent of total revenues. The company maintains direct sales forces and service operations in Asia, the United States and Europe to support its global customer base. Taiwan Semiconductor Manufacturing Company Limited represents a major customer, accounting for more than 10 percent of total revenues. KLA's competitive advantages include its leading technology, comprehensive product portfolio, global service infrastructure and significant research and development investments that support ongoing innovation in process control solutions.