RIBER opens its subsidiary in China

RIBER opens its subsidiary in China

Bezons, July 5, 2018 - 5:45 pm - RIBER, a global market leader for semiconductor industry equipment, is announcing the opening of its 100% owned subsidiary (WOFE - Wholly Foreign Owned Enterprise), Riber Semiconductor Technology Shanghai.

Located in the Baoshan district of Shanghai, this subsidiary will strengthen RIBER's presence on the whole Chinese market and provide Chinese customers with commercial services, after sales services, in house and on-site maintenance solutions, completed with an extensive inventory of spares parts and accessories.

This subsidiary will serve RIBER customers base for both MBE and evaporators activities. As of today, Riber has 21 MBE customers in China, including 6 industrial customers, for an installed base of 48 MBE machines of which 8 are production systems, the largest installed MBE base in China representing a market share of more than 75%. Regarding evaporators, RIBER has already more than a 1,000's evaporators installed at 4 customers manufacturing OLED and solar cells.

After more than 30 years of commercial success in China, the opening of this subsidiary is an important strategic step to set RIBER closer to its customers as well as to grasp the opportunities of growth in Chinese MBE and evaporators markets.

About RIBER:
Riber designs and produces molecular beam epitaxy (MBE) systems as well as evaporation sources and cells for the semiconductor industry. This high-tech equipment is essential for the manufacturing of compound semiconductor materials and new materials that are used in numerous consumer applications, from new information technologies to OLED flat screens and next-generation solar cells.
Riber is listed on Euronext Paris (Compartment "C") and is part of the CAC Small, CAC Technology and CAC T. HARD. & EQ indices. Riber is eligible for SME share-based savings schemes.

ISIN: FR0000075954 - RIB
Reuters: RIBE.PA
Bloomberg: RIB: FP
BPI France-approved innovative company
www.riber.com