Intevac Announces $20 Million Multi-Year 200 Lean Upgrade Agreement

Intevac, Inc. announced a multi-year agreement with a leading storage company to upgrade and refurbish multiple 200 Lean systems.

Valued at over $20 million, this agreement upgrades existing systems in the field, which were delivered by Intevac between 2004 and 2010. This technology upgrade and refurbishment program is expected to be deployed over the 2022 through 2024 timeframe, and is focused on enabling these older-gen 200 Leans to produce advanced-technology HDD media.

“This multi-year agreement reflects an important partnership with this leading storage company to add a significant amount of advanced HDD media manufacturing capacity on our 200 Lean platform, rather than the incumbent equipment provider,” said Jay Cho, EVP and GM of thin-film equipment business. “These upgrades and refurbishments will include enhanced technologies to enable this storage company to add capacity and further their HDD technology roadmap over the next several years.“