Corporate Strategy
Corporate Strategy
1. Global niche
We enter into a market where we can enjoy strong competitive advantage over other companies and where customers look for high value solutions. There, we strive to achieve a 100% market share. We are in close communication with global leading companies in the semiconductor industry and have successfully established a solid relationship with them.
2. Rapid product development
We are providing solutions to our customer's existing and potential needs ahead of anyone else. We keep a flat and flexible organization that allows us to make a swift decision about new project launch. We form a project team with engineers from various specialties. This is how we engage in rapid product development.
3. Fab-lite
We outsource production to third parties. This allows us to keep our capital expenditures low while making our organization quickly adaptable to a changing environment. Seventy percent of our workforce is engineers. We spend 5%~10% of our annual sales in research and development. We concentrate the allocation of resources on product development so that we can keep launching new products. We assemble prototypes in-house to make sure our product design is good for manufacturing.
Medium Term Business Plan
Provide Leading-Edge Solutions that Support the Evolution of Semiconductors
Semiconductors are continuing to evolve through endless technological innovations including the shrinking of device geometries and the development of new materials and new structures. Amid this trend, our customers are expecting us to develop better performing, more advanced inspection and measurement systems and to provide solutions that address their new needs. In order to achieve further growth under such environment, Lasertec will provide leading-edge solutions that meet customer expectations and changing market needs as outlined in our new Mid-term Business Plan.
We have put in place a Mid-term Business Plan for the six-year period from July 1, 2024, to June 30, 2030. In our new Mid-term Business Plan, we will "aim for maximum sales and further growth with rapid product development, superior technical expertise, and the establishment of strong relationships with customers based on trust", and we will take on various initiatives to seize mid- to long-term growth opportunities.
