IPO Profile

Cascade Microtech
2430 NW 206th Avenue, Beaverton, Oregon 97006
Tel: 503-601-1000
Web: www.cascademicrotech.com
Ticker: CSCD
Amount Raised: $63,600,000.00

Description:
Each of the 15 largest semiconductor manufacturers in the world, in terms of revenue, was one of our more than 800 customers in 2003. Our top 10 customers in 2003 were Agilent Technologies, Hitachi, IBM, Intel, Micron Technology, NEC, Northrop-Grumman, Sony, Taiwan Semiconductor Manufacturing Company and Texas Instruments. These customers use our probing solutions to perform engineering and production testing of a wide variety of ICs, including radio frequency ICs, digital signal processors, telecommunications ICs, advanced memory ICs, microprocessors, microcontrollers, graphics processors and application specific integrated circuits. During the last decade, growth in the computer, telecommunications, consumer and industrial electronics markets has increased demand for advanced ICs. According to The Gartner Group, worldwide semiconductor sales totaled $174 billion in 2003 and are expected to grow to $246 billion in 2005. In order to increase speed and decrease cost, semiconductor manufacturers have continuously pursued advancements in manufacturing technologies, including the use of smaller IC elements, new materials and larger, 300 mm wafers. These advancements in IC manufacturing have led to increasing challenges in the design, production and test of ICs.