Ichor Systems Enters into Substantial Agreement to Produce Liquid Delivery Systems

FREMONT, Calif.–(BUSINESS WIRE)–Ichor Holdings, Ltd. (NASDAQ:ICHR) today announced that the company has
entered into a substantial agreement to produce liquid delivery systems
for one of its key customers.

The agreement provides for design and manufacturing of Ichor’s
proprietary Liquid Delivery Systems to be integrated with semiconductor
process equipment for one of Ichor’s key customers. “These systems
incorporate our unique design which reduces the footprint required on
our customer’s equipment and significantly reduces the cost,” said Phil
Barros, Chief Technology Officer for Ichor. “We are excited to enter
into this relationship and look forward to expanding into other
applications with this customer as well as other customers who have
expressed interest in our technology.”

He added, “Being able to collaborate with our customers has been the
single most important factor in us helping to make them successful. We
will continue to follow that approach and expect to realize significant
growth as we continue to provide our customers the value they need to
compete in the marketplace.”

About Ichor Holdings

Ichor is a leader in the design, engineering and manufacturing of
critical fluid delivery subsystems for semiconductor capital equipment.
Our primary offerings include gas and chemical delivery subsystems,
collectively known as fluid delivery subsystems, which are key elements
of the process tools used in the manufacturing of semiconductor devices.
Our gas delivery subsystems deliver, monitor and control precise
quantities of the specialized gases used in semiconductor manufacturing
processes such as etch and deposition. Our chemical delivery subsystems
precisely blend and dispense the reactive liquid chemistries used in
semiconductor manufacturing processes such as electroplating and
cleaning. We also manufacture certain components for internal use in
fluid delivery systems and for direct sales to our customers. This
vertically integrated portion of our business is primarily focused on
metal and plastic parts that are used in gas and chemical systems,
respectively. Ichor is headquartered in Fremont, CA. www.ichorsystems.com.

Safe Harbor Statement

This press release contains forward-looking statements that may state
Ichor’s or its management's intentions, beliefs, expectations or
predictions for the future. Such forward-looking statements are subject
to certain risks, uncertainties and assumptions, and typically can be
identified by the use of words such as “will,” “expect,” “estimate,”
“anticipate,” “forecast,” “plan,” “believe,” and similar terms. Although
Ichor believes that its expectations are reasonable, it can give no
assurance that these expectations will prove to have been correct, and
actual results may vary materially. Factors that could cause actual
results to differ materially from those contemplated above include,
among others, risks and uncertainties related to the capital markets.
Any forward looking information presented herein is made only as of the
date of this press release, and Ichor does not undertake any obligation
to update or revise any forward-looking information to reflect changes
in assumptions, the occurrence of unanticipated events, or otherwise.

Contacts

Ichor Holdings, Ltd.
Norm Haas, 1-510-897-5200
[email protected]