Axcelis and GE Aerospace partner on high-voltage power device development

BEVERLY, Mass. - Axcelis Technologies, Inc. (NASDAQ:ACLS), a semiconductor equipment manufacturer with a market capitalization of $2.51 billion and strong financial health according to InvestingPro data, announced Wednesday a Joint Development Program with GE Aerospace to develop production-ready 6.5 to 10kV superjunction power devices.

The collaboration will utilize Axcelis’ Purion XEmax high energy implanter, which provides beam currents up to 15MeV, according to a press release statement.

This program supports GE Aerospace’s ’Advanced High Voltage Silicon Carbide Switches’ project, part of the Commercial Leap Ahead for Wide Bandgap Semiconductors Hub led by North Carolina State University.

Silicon Carbide semiconductors deliver higher voltages, operating temperatures, and frequencies compared to traditional silicon devices. These components are considered essential for aerospace and defense applications, as well as emerging technologies including artificial intelligence, quantum computing, autonomous vehicles, and power grid infrastructure.

"We are proud to collaborate with GE Aerospace in this endeavor, which has the potential to accelerate superjunction technology adoption," said Russell Low, President and CEO of Axcelis. InvestingPro analysis indicates the company is currently trading below its Fair Value, with multiple analysts revising earnings estimates upward for the upcoming period. Discover 12 more exclusive ProTips and comprehensive financial analysis with an InvestingPro subscription.

The Purion XEmax system offers flexibility in energy ranges to optimize depth and concentration profiles while reducing application steps, the company stated.

GE Aerospace has developed Silicon Carbide technologies over three decades through its Research Center in Niskayuna, NY. The company currently sells SiC-based electric power products for avionics and electrical systems in commercial aircraft and ground vehicles.

"High voltage SiC power devices are an important enabler for a wide array of critical emerging applications and future endeavors," said Dr. Ljubisa Stevanovic, chief engineer at GE Aerospace Research.

Axcelis, headquartered in Beverly, Massachusetts, has provided semiconductor industry solutions for over 45 years, specializing in ion implantation systems. The company maintains a strong balance sheet with more cash than debt, and trades at a P/E ratio of 16.16. For detailed insights and a comprehensive Pro Research Report on Axcelis, visit InvestingPro.

In other recent news, Axcelis Technologies has reported robust financial results for the second quarter of 2025, with earnings per share (EPS) of $1.13, far exceeding the forecasted $0.71. The company’s revenue also surpassed expectations, reaching $195 million compared to the anticipated $185.94 million. These results have been met with positive reactions from investors. Additionally, DA Davidson has raised its price target for Axcelis Technologies from $75 to $90, maintaining a Buy rating on the company. This adjustment follows the company’s impressive earnings report and a favorable outlook despite current challenges in the semiconductor market. These developments highlight Axcelis Technologies’ strong performance and positive sentiment among analysts.

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