ATMI Inc. saw second-quarter profits climb 38 percent on strong sales of the Danbury manufacturer’s components for the newest generation of semiconductors used in portable electronics.
ATM earned $11.1 million, or 34 cents a share, in the three months ended June 30, up from $7.6 million, or 24 cents a share, earned the same quarter a year ago.
Second-quarter revenues rose 14 percent to $104 million vs. $91 million a year ago.
ATMI Chairman and CEO Doug Neugold part of the company’s quarterly sales growth was due to “momentum in 28-nanometer wafer start demand, and the new products we are supplying for that chip generation.”
These lower-power microcircuits are ideal for cellphones, laptops and other portable electronics.
Neugold said ATMI agrees with recent reports suggesting a potential slowdown in overall chip demand in the second half of this year. However, he said ATMI’s focus on selling leading-edge technology to the market should buffer it from any market softness.
