Axcelis Technologies Participates in the KORUS Business Roundtable, Focuses on Expansion

Axcelis Technologies Inc. (NASDAQ:ACLS) is one of the 12 Best Semiconductor Equipment Stocks to Buy Right Now. On August 27, Axcelis Technologies Inc. (NASDAQ:ACLS) announced that it participated in the KORUS Business Roundtable on August 25, 2025.

Axcelis Technologies’ participation at the event is a strategic move to strengthen its international presence and partnerships. The event brought together government and industry leaders to advance shared goals around collaboration, investment, and innovation. The U.S. Secretary of Commerce Howard Lutnick and South Korean President Lee Jae Myung took part in the conference.

“We recognize the important role that Axcelis’ strong international partnerships play in enabling us to deliver high-quality products, faster, at scale, and with greater resilience. With increased investments and innovation across the semiconductor industry, we look forward to building on our collaborative and long-standing relationship with our Korean customers and partners,” said Axcelis President and Chief Executive Officer Russell Low.

Axcelis Technologies continues to expand and work on collaborations to enhance its growing network. On August 20, Axcelis announced a Joint Development Program with GE Aerospace focused on the development of production-worthy 6.5 to 10kV superjunction power devices. Axcelis will power the process through its Purion XEmax high-energy implanter, which offers the industry’s highest beam currents over the widest energy range of up to 15MeV.

Axcelis Technologies Inc. (NASDAQ:ACLS) designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips.

While we acknowledge the potential of ACLS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.