Intevac, Inc. (Intevac) provides thin-film process technology and manufacturing platforms for high-volume manufacturing environments.
As a long-time supplier to the hard disk drive (HDD) industry, the company has delivered over 180 of its industry-leading 200 Lean systems over the last 20 years, which represents the majority of the world’s capacity for HDD disk media production.
The company has also leveraged its technology and know-how for additional applications, such as developing, manufact...
Intevac, Inc. (Intevac) provides thin-film process technology and manufacturing platforms for high-volume manufacturing environments.
As a long-time supplier to the hard disk drive (HDD) industry, the company has delivered over 180 of its industry-leading 200 Lean systems over the last 20 years, which represents the majority of the world’s capacity for HDD disk media production.
The company has also leveraged its technology and know-how for additional applications, such as developing, manufacturing, and selling compact, high-sensitivity digital-optical products for the capture and display of extreme low-light images in its Photonics business, and designing, developing, and marketing manufacturing equipment to produce protective coatings for the advanced coatings (ADVC) market, formerly known as the display cover panel market.
Thin-film Equipment (TFE) Products
Intevac’s TFE product portfolio addressing the HDD market is based around common core technologies and competencies. Based on its history and market and technology leadership in the HDD industry, Intevac offers superior high-productivity vacuum handling of small substrates.
TFE Products
HDD Equipment Market
200 Lean Disk Sputtering System: Uses physical vapor deposition (PVD) and chemical vapor deposition (CVD) technologies; deposits magnetic films, non-magnetic films and protective carbon-based overcoats; and provides high-throughput for small-substrate processing.
Upgrades, Spares, Consumables and Services (Non-Systems Business): Upgrades to the installed base to support the continued growth in areal density.
Business Strategy
In November 2024, the company announced that it had made a strategic shift away from its TRIO technology to focus on the HDD industry, and in December 2024, the company officially terminated its TRIO product line and approved restructuring program, and asset impairment charges related to such termination.
Customer Concentration
Intevac’s disk sputtering equipment customers include magnetic disk manufacturers, such as Showa Denko, and vertically integrated HDD manufacturers, such as Seagate Technology and Western Digital Corporation (including its wholly owned subsidiary HGST). Intevac’s customers’ manufacturing facilities are primarily located in California, China, Taiwan, Japan, Malaysia, Portugal and Singapore.
Competition
Intevac has one major competitor, Canon Anelva, in the HDD equipment market. Other competitors are Kaufmann and Robinson, Inc., who are known for their technical expertise on ion sources, radio frequency (RF) discharges, and power supplies, and Techleader Tooling, Inc.
Marketing and Sales
Sales are made primarily through Intevac’s direct sales force. Intevac also sells its products through distributors in Japan. The selling process for Intevac’s products is multi-level and lengthy, involving individuals from marketing, engineering, operations, customer service and senior management.
Intevac maintains inventories of spare parts in the United States, Singapore, Malaysia and China to support its customers. Intevac provides process and applications support, customer training, installation, start-up assistance and post-installation service support to customers.
Research and development (R&D)
The company’s R&D expense in fiscal 2024 is $801,000.
History
Intevac, Inc. was founded in 2021. The company was incorporated in 2021.