Ichor increases proprietary component production as shortages restrict shipments

Ichor is expanding manufacturing capacity and increasing internally produced components as shortages restrict semiconductor equipment shipments, management said during its third-quarter earnings call. Revenue reached $328.7 million, up 37% year over year and 12% sequentially. Management prioritized higher-margin component shipments over gas delivery system revenue. Non-GAAP gross margin reached 16%, improving 190 basis points sequentially, while proprietary content within gas systems exceeded 30%, compared with 25% previously. Shortages affecting advanced etch and deposition applications continue to limit shipments, including pressure-based mass flow controllers used in sophisticated semiconductor manufacturing equipment.