MKS Instruments, Inc. Reports Impairment Charges for the Three Months Ended December 31, 2023
February 07, 2024 at 04:31 pm EST
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MKS Instruments, Inc. reported impairment charges for the three months ended December 31, 2023. For the three months, the company reported Goodwill and intangible asset impairment charges of $75 million compared to $0 million a year ago.
MKS Instruments, Inc. is engaged in delivering technology solutions. The Company's segments include Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Materials Solutions Division (MSD). The VSD segment delivers technology solutions to edge semiconductor manufacturing, electronics and packaging and specialty industrial applications. VSD products are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, and vacuum technology. The PSD segment provides a range of instruments, components, and subsystems to semiconductor manufacturing, electronics and packaging and specialty industrial applications. The MSD segment develops process and manufacturing technologies for advanced surface modification, electroless and electrolytic plating, and surface finishing.
MKS INSTRUMENTS, INC. 
