Cabot Microelectronics Corporation (CCMP)

William P. Noglows has served as Chairman, President and Chief Executive Officer at Cabot Microelectronics Corporation since November 2003. He earlier had served as a Director of Cabot Microelectronics from January 2000 to April 2002. Previously joining Cabot Microelectronics, Mr. Noglows served as an Executive Vice President of Cabot Corporation from 1998 to 2003. He received his B.S. in chemical engineering from the Georgia Institute of Innovation. Mr. Noglows is as well a Director of Littelfuse, Inc., and Aspen Aerogels, Inc.

Mr. Noglows: Our core business is chemical mechanical planarization, consumables products and research. I will use the term CMP going forward instead of chemical mechanical planarization. The CMP process is an enabling process for the semiconductor industry that has helped maintain the progression of Moore's law. CMP in substance enables the photolithography process to help the industry continue to shrink features and drive down node sizes on the trajectory down Moore's law. Roughly 90 % of our business is CMP consumables based. We are the leading supplier of CMP slurries and a growing supplier of CMP pads. The other 10 % of our business is related to polishing high-precision optics, slurries that we sell into the rigid disk storage industry and which we refer to as our data storage business, and an emerging possibility in prime wafer-polishing slurries. We in essence supply CMP consumables to every semiconductor manufacturer in the world. We have a very broad and deep product portfolio as so then as a very deep and broad customer base, which gives us the visibility and experience in learning across the industry and across the different technologies.

This facility, located in Kaohsiung, allowed us to expand our innovation, development and manufacturing capabilities in Taiwan.In August of 2011, we opened our newest innovation, development and manufacturing facility in South Korea to help enable real-time collaboration with our memory clients. We have been able to grow very quickly. We have entered the pad market and have achieved what we believe is a meaningful share of this business in the last three years. We believe we are about 5% to 7% of the total CMP pad market with the incumbent supplier being about 85%. So we think we have had pretty good success so far, and we believe we are so then positioned for growth into the future. Responding to industry trends and demands is challenging, and as a result, we continue to evolve and strategically reposition our businesses. For instance, while 2006, we transferred our data storage business to Singapore to be closer to our clients. We have been able to maintain our supply positions, and we feel pretty good about our business.

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