Ultratech, Inc. is an international technology company based in San Jose, California, that supplies equipment to global semiconductor fabrication plants, and also makes tools for nanotechnology applications by optical networking, data storage and automotive and display industries.
Ultratech Stepper, Inc., was founded in 1979 by Leo de Bos, located in Santa Clara, California.
In 1998, Ultratech Stepper, Inc. acquired the assets of Integrated Solutions, Inc. ("ISI"), a privately held manufacturer of i-line and deep ultraviolet (UV) reduction lithography systems based in Tewksbury (Massachusetts) and Austin (Texas), and thus the XLS reduction lithography platform of that company (in fact a legacy of the GCA company of which ISI was the successor).
Meanwhile, in the original suit, the Virginia Court ruled in a preliminary determination against Ultratrech and in favor of ASML.
Three more charges hit the company that year, from inventory write-downs, discontinued products and more restructuring, totalling nearly US$11 million of the loss.
With the financial recovery, Ultratech's always-volatile stock price soared from under US$10 per share in the first quarter, to the mid 30s by year end.
Within the United States, as of 2004, sales and support offices are also leased in Woburn, Massachusetts and Dallas, Texas.