The Company is a supplier of process control and yield management solutions for the semiconductor manufacturing and related microelectronics industries.
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KLA-Tencor is also an equipment provider, for semiconductor production. The firm has a dominant position in yield management and process monitoring equipment. Some of the growth here is coming on a cyclical spike off of 2009's recessionary levels, but KLA's $3.3 billion in revenues over the past 12 months is still a company record. Given the proliferation of electronics in almost everything from mobile devices to automobiles to toys, there remains an undercurrent of growth that KLAC is set to benefit from for many years.