India, Oct. 20 -- On Tuesday, Axcelis Technologies (ACLS) announced that it will begin construction of a new ion implantation equipment manufacturing facility in Pyeongtaek, Gyeonggi Province, South Korea.
The $35 million investment will expand its manufacturing capacity and strengthen its ability to serve semiconductor customers worldwide.
The new 200,000-square-foot facility in Pyeongtaek will expand Axcelis' existing Korean operations.
It will include warehousing, cleanrooms and a training center, with a production layout designed for efficiency and flexibility. Manufacturing is expected to begin in the second half of 2028.
On the Nasdaq, the shares were trading 1.61 percent up at $112.99.
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