Dow Electronic Materials, a unit of U.S. chemical kingpin
The Dow Chemical Company
), has launched the first chemical mechanical planarization (CMP)
polishing pads from its new IKONIC 2000 and IKONIC 3000 polishing
pad series. This marks the first polishing pads launch after the
introduction of the IKONIC CMP polishing pad platform in late
The IKONIC CMP polishing pads are designed for use in a
manufacturing node of 28nm (nanometer) and below. The IKONIC 2000
polishing pads are specially designed for copper barrier, HKMG
and buffing applications while IKONIC 3000 polishing pads are
designed for bulk copper polishing.
IKONIC 2020H, first of the new polishing pads from the IKONIC
2000 series, maintains the removal rate while achieving
defectivity levels lower than traditional pads. Other pads from
the same series are designed for optimal texture, improved
polishing consistency at lower costs of ownership and longer pad
The first polishing pad in the IKONIC 3000 series, IKONIC 3040M,
delivers a definite reduction in scratch defects compared with
other bulk copper pads. It further exhibits improved topography
performance at lower cost of ownership. It is easily reachable in
a range of configurations and options for multiple applications.
Other than the newly launched IKONIC 2020H and IKONIC 3040M
polishing pads, additional pads from the respective series are
currently under development. These additional pads are specially
designed with unique set of chemistries and flexible design
density for a wide range of customer specific requirements.
Few days ago, Dow Chemical came out with its fourth-quarter 2012
results. The company incurred a bigger loss in the quarter, hurt
by a sizable restructuring charge and loss on goodwill impairment
in its Formulated Systems business.
The company posted a loss of $716 million or 61 cents a share,
significantly higher than a loss of $20 million or 2 cents a
share recorded a year ago. Barring one-time items (including
restructuring and goodwill impairment charges), it earned 33
cents a share in the quarter, up from 25 cents a year ago. That,
however, missed the Zacks Consensus Estimate by a penny.
Revenues edged down 1% year over year to $13,917 million in the
reported quarter, but beat the Zacks Consensus Estimate of
$13,667 million. Weakness across end markets, especially in
China, and weak pricing impacted the top line.
Dow is focused on driving earnings leveraging its feedstock
strength and strong momentum in the agricultural sciences
business. The company continues to pursue its cost reduction and
efficiency programs while maximizing shareholder returns.
Dow Chemical retains a short-term (1 to 3 months) Zacks Rank
Other companies in the chemical industry worth considering are
Air Products and Chemicals Inc
). While Arkema retains a Zacks Rank #1 (Strong Buy), both BASF
and Air Products hold a Zacks Rank #2 (Buy).
AIR PRODS & CHE (APD): Free Stock Analysis
(ARKAY): ETF Research Reports
BASF SE (BASFY): Free Stock Analysis Report
DOW CHEMICAL (DOW): Free Stock Analysis
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