Ichor Systems

What Ichor Systems does

Ichor Systems designs and manufactures critical fluid delivery subsystems and components for semiconductor capital equipment OEMs. Its product platform centers on gas delivery systems (including the proprietary TMS Modular Gas Delivery System and TMX C-Seal), chemical delivery systems, precision-machined components, weldments, and valves. The company operates Class 100 and Class 10,000 clean room facilities in Tualatin, Oregon, and runs dedicated gas and liquid R&D laboratories with proprietary knowledge of reactive chemistries and advanced reactor process equipment design. Supporting capabilities include CNC machining of exotic materials (Inconel, Hastelloy, Titanium, Monel, Quartz, ceramics), orbital and TIG welding, electropolishing, proprietary Pulltrusion metal forming, rapid prototyping, and design/build engineering services.

The company generates revenue through direct enterprise sales of custom-engineered hardware and subsystems to leading semiconductor capital equipment OEMs worldwide. Pricing is quote-based and varies by specification, volume, and material requirements; the company does not publicly disclose unit pricing. Distribution is exclusively direct — no channel partners or resellers — with engineering teams embedded in customer product development. Ichor also derives revenue from OEM-approved semiconductor manufacturing system refurbishment services and aftermarket spares. FY2025 revenue was $947.6 million, up 11.6% year-over-year.

Name

Ichor Systems

Legal name

Ichor Systems, Inc.

Website

https://ichorsystems.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ichor Systems designs and manufactures critical fluid delivery subsystems, gas and chemical delivery systems, and precision-machined components for semiconductor capital equipment OEMs, serving as a turnkey contract manufacturing and design partner globally.

Ownership category

akta.pro rank

Product category

Semiconductor Capital Equipment Subsystems

NAICS

Industrial Machinery Manufacturing (3332), Other General Purpose Machinery Manufacturing (3339)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550), Special Industry Machinery, Nec (3559)

akta.pro primary industry

Chemical Processing Equipment (Reactors, Mixers, Agitators) (IMAHAEAA)

akta.pro secondary industry

Filling & Dosing Machines (Liquid/Powder/Solid) (IMAHAOAF)

Keywords

• Semiconductor capital equipment
• Gas delivery systems
• Chemical delivery systems
• Precision machined components
• Contract manufacturing

Headquarters

HQ city

Fremont

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain

Revenue model

1. Semiconductor Equipment Subsystems and Components: Ichor designs and manufactures critical fluid delivery subsystems and components for semiconductor capital equipment, including gas delivery subsystems, chemical delivery systems, precision-machined components, weldments, and other proprietary products. The company generates revenue through the sale of these subsystems and components to semiconductor OEMs, with pricing determined by custom specifications and volume requirements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Ichor Systems designs and manufactures critical fluid delivery subsystems and components — including gas delivery systems, chemical delivery systems, valves, fittings, surface mount accessories, and proprietary TMX C-Seals — for semiconductor capital equipment OEMs. The company also provides vertically integrated contract manufacturing, precision machining of exotic materials, orbital and TIG welding, electropolishing, rapid prototyping, systems integration, refurbishment, and design/build services as a turnkey outsourcing partner.

Product overview

Ichor Systems is a provider of critical fluid delivery subsystems and components for semiconductor capital equipment. The company operates a platform-plus-modules architecture anchored by its core gas and chemical delivery systems. The product portfolio includes Valves, TMS Integrated Gas Systems, Chemical Delivery Systems, Surface Mount Accessories, Fittings, C-Seals (TMX), and Hardware/Accessories as distinct product lines. These are complemented by an extensive suite of manufacturing and engineering services including Contract Manufacturing, Custom Machining, Rapid Prototyping, Custom Tube Bending, Orbital Welding, Manual TIG Welding, Forming, Electropolishing, Value Added Manufacturing, Design Engineering, Research/Lab capabilities, and specialized machining services for exotic materials (Inconel, Hastelloy, Titanium, Copper, Nickel, Ceramic, Monel, Stainless Steel). The company also offers Semiconductor Manufacturing System Refurbishment services and Design/Build Services for complete outsourced equipment solutions. Ichor serves as a turnkey partner to major OEMs in the semiconductor industry, providing design, engineering, and manufacturing capabilities from concept through full-scale production.

Differentiator

Problem solved

Functional benefit

Products and services

• Valves Precision diaphragm valves and other valve products for gas delivery systems used in semiconductor manufacturing.
• TMS Integrated Gas Systems Modular gas delivery system platform supporting Face Seal, C-Seal, and W-Seal configurations with reduced footprint compared to conventional gas panels, integrating heating and simplifying assembly.
• Chemical Delivery Systems Systems that precisely blend and dispense reactive chemistries and colloidal slurries critical to semiconductor process performance.
• Surface Mount Accessories (SMA) Surface mount accessories for semiconductor equipment applications.
• Fittings Stainless steel weld fittings and face seal fittings for high-purity gas and chemical delivery systems.
• C-Seals (TMX) Proprietary TMX C-Seal components manufactured by Ichor that enhance productivity through improved sealing rates and reduced maintenance in gas delivery systems.
• Systems Integration Integration and final test of all key elements of process equipment with extensive capabilities for vertical integration.
• Semiconductor Manufacturing System Refurbishment OEM-approved aftermarket service for refurbished semiconductor equipment including obsolescence solutions, turnkey sourcing, training, and legacy system spares and upgrades.
• Contract Manufacturing Precision machining and turnkey manufacturing services including CNC machining, cleaning, passivation, electropolishing, welding, and Class 100 clean room assembly.
• Rapid Prototyping Dedicated rapid prototype manufacturing with robust processes and best-in-class lead times for custom prototype solutions.
• Custom Tube Bending Services CNC tube bending services capable of multi-radius, three-dimensional bends for tubing diameters of 3-12.7mm and wire diameters up to 8.0mm.
• Orbital Welding Orbital GTAW welding services on Ultra High Purity components in cleanroom environment using computer-controlled equipment for tube sizes from 1/8" to 2".
• Manual Welding (TIG) GTAW (TIG) welding services for complex designs, tight tolerances, and high purity applications with proprietary processes and techniques.
• Forming Services Proprietary Pulltrusion metal forming methods for precision high purity tees from standard high purity tubing with smooth transitions that improve process media flow.
• Electropolishing State-of-the-art electropolishing facility that simultaneously smoothes, brightens, passivates and redefines the oxide layer of workpieces for 300 series Stainless Steels.
• Value Added Manufacturing Turnkey manufacturing of complex equipment including gas delivery, chemical delivery, panel assembly, and systems integration with engineering and change control.
• Design Engineering Services Comprehensive design engineering services including P&ID development, concept validation, value engineering, DFx, component selection, system modeling, and detailed design for fluid mechanics and systems engineering.
• Research Capabilities / Lab Services Gas and liquid research and development laboratories with Class 100 and Class 10,000 clean room facilities for testing, assembly, integration, and prototyping of high-purity systems.
• Design/Build Services Strategic design-build partnership enabling customers to outsource non-critical tool design, production and support to focus on process and technology improvement.
• Custom Stainless Steel Components Custom stainless steel parts manufacturing meeting the most challenging purity and dimensional specifications for semiconductor and high-tech industries.
• Plastics Services Thermoplastic welding, precision CNC machining, fabrication, and assembly services for chemical containment systems and technical plastic materials.
• Inconel Machining Machining services for Inconel, a high-temperature and high-corrosion-resistance material used in semiconductor and aerospace applications.
• Hastelloy Machining Machining of Ultra High Purity Hastelloy C-22 components for aerospace, semiconductor, and other high-performance technology industries.
• Titanium Machining Titanium machining services with complete in-house manufacturing control from raw stock through final inspection and packaging.
• Copper Machining Copper machining services for applications requiring electrical conductivity, corrosion resistance, and high thermal conductivity.
• Nickel Machining Machining services for Nickel 200 and other high performance materials used in semiconductor industry components requiring ultra-high purity.
• Ceramic Machining Precision ceramic machining services for demanding applications where extremely tight tolerances and cleanliness are required.
• Machining Monel Machining services for Monel, a corrosion and acid resistant material used in highly corrosive conditions, including marine and oil drilling applications.
• Custom Machining Services Custom precision machining services for ultra-high purity components and exotic materials for semiconductor and other demanding industries.

Quantifiable outcome

• Gas modules represent 12-15% of semiconductor tool cost of goods sold; chemical/process modules represent 25-45%
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators13 records

Recent moves1 record

Emerging players

• Onto Innovation: Onto Innovation supplies optical inspection, metrology, and software for semiconductor manufacturing. Adjacent exposure to the same semi capex customers and cycles, though focused on inspection rather than fluid delivery subsystems.
• FormFactor: FormFactor provides test and measurement probes and subsystems for semiconductor wafer testing. Adjacent positioning in the semi value chain with shared OEM customers, though focused on probe/test rather than fluid delivery.

Broad incumbents

• Veeco Instruments: Veeco Instruments manufactures process equipment for semiconductor and adjacent industries, including deposition and etch systems. As a broader semi capital equipment player, it shares Ichor's customer base and end-market exposure to semi capex cycles.
• Advanced Energy Industries: Advanced Energy provides precision power and process technologies for semiconductor and adjacent manufacturing. While broader in scope, it serves the same semi OEM customer base with related process control and power delivery subsystems.

Others

• Helmer Scientific: Helmer Scientific (spun from Brooks Automation) provides cold storage and processing equipment for life sciences and clinical markets. While not a direct semi fluid delivery peer, both companies share the same parent lineage in precision temperature/fluid control for life sciences and high-tech applications.

Direct peers

• VAT Group: VAT Group manufactures vacuum valves and related components for semiconductor manufacturing equipment. Both companies supply critical fluid control components into semi OEM tools, with overlapping valve and sealing product categories.
• Ultra Clean Holdings: Ultra Clean Holdings is a direct peer that designs and manufactures subsystems and components for semiconductor capital equipment, including gas delivery systems and chemical delivery modules. Both companies target the same semi OEM customer base with overlapping product portfolios.
• Entegris: Entegris is a direct competitor in semiconductor fluid handling, contamination control, and delivery systems. Both companies serve semiconductor capital equipment OEMs with critical fluid and gas delivery subsystems, making them the closest comparables in the semi fluid delivery value chain.
• MKS Instruments: MKS Instruments provides process equipment subsystems including flow control, gas analysis, and pressure/vacuum measurement for semiconductor and industrial markets. Direct overlap with Ichor's fluid delivery subsystems and shared customer base of semiconductor OEMs.

Regional players

• CKD Corporation: CKD Corporation is a Japanese manufacturer of pneumatic, fluid control, and automatic machinery components. It serves semiconductor equipment OEMs with gas and chemical delivery components, with strong overlap in product categories but primarily competing in the Japanese/Asian market.

Market position

Strengths4 records

Weaknesses5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/IchorSystems
• Facebookfacebook.com/ichorsystems
• LinkedInlinkedin.com/company/656158

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ichor Systems