Founded in 1981, Advanced Energy Industries operates as a pure-play power electronics conversion company. The company's product portfolio includes high and low voltage power supplies, radio frequency (RF) and microwave generators, digital power controllers, and thin-film measurement instruments. Its business is organized into four primary end markets: Semiconductor Equipment, Data Center Computing, Industrial and Medical, and Telecom and Networking. The semiconductor equipment segment is its largest revenue driver, where its plasma power products are critical for dry etch and deposition processes. The company also provides global repair, calibration, and refurbishment services for its installed base of equipment.