Ichor Holdings, Ltd. is a specialized manufacturer of fluid delivery subsystems and components used in semiconductor capital equipment. The company's core business model revolves around designing and producing gas and chemical delivery systems that are integrated into the process tools used for semiconductor manufacturing. These subsystems are critical for delivering, monitoring, and controlling the precise quantities of specialized gases and reactive liquid chemistries required in advanced semiconductor fabrication processes, such as etch, deposition, chemical-mechanical planarization, and electroplating.
Ichor generates the vast majority of its revenue from the semiconductor capital equipment market, selling directly to major original equipment manufacturers (OEMs). Its largest customers include industry leaders such as Lam Research, Applied Materials, and ASML, which collectively account for a significant concentration of its total sales. In addition to fluid delivery systems, the company manufactures precision-machined components, weldments, and proprietary products used in fluid delivery.
Geographically, Ichor is headquartered in Fremont, California, and maintains a global manufacturing footprint with facilities in the United States, Singapore, Malaysia, and Mexico. This distributed operational model allows the company to remain close to its global OEM customers and manage supply chain efficiencies. By focusing on high-mix, high-complexity manufacturing, Ichor embeds itself deeply into the product development cycles of its customers, securing a strong competitive position in the specialized niche of semiconductor equipment supply.
