Comet, a Fribourg-based company, plays a crucial yet understated role in global semiconductor manufacturing, enabling the production of more than 70% of the world’s electronic chips. Amid market challenges and a volatile industry, Comet continues to lead innovation in cutting-edge technologies essential for the digital transformation era.
This article is inspired by and based on information from an article originally published by PME Magazine.
While often operating behind the scenes, Comet is indispensable to the production of semiconductors—vital components in everyday devices like smartphones, computers, and tablets. Founded in 1948 in Bern and headquartered in Flamatt (canton of Fribourg) since 2002, the company has expanded its global footprint, employing 1,500 people across ten countries, including the United States, Germany, and Malaysia. Its Swiss headquarters alone houses nearly 590 employees, primarily experts in software engineering, data analysis, and physics.
The company operates in a thriving market driven by artificial intelligence (AI), machine learning, and widespread digitalization. Comet’s innovative technologies play a vital role in advancing semiconductor manufacturing, particularly through its specialized systems that combine radiofrequency generators and vacuum capacitors. These tools are essential for transforming gases into plasma, a critical step in the production of chips from semiconductor materials.
With an estimated 70% market share in specific components, Comet is a preferred supplier for leading semiconductor companies like Samsung, TSMC, and Nvidia. Beyond semiconductors, the company is also a leader in advanced X-ray technologies used for quality control across industries. Its X-ray solutions are utilized by automotive giants such as Hyundai and Volkswagen, as well as aerospace manufacturers like Airbus and Boeing, to detect faults in electric vehicle batteries and combustion engines.
The growing adoption of AI in industrial processes is further enhancing the potential of Comet’s X-ray technologies. By improving anomaly detection and reducing inspection times, machine learning tools are set to optimize quality control, benefiting industries ranging from automotive to aerospace.
Resilience and innovation in a volatile market
Despite its strong positioning, Comet has faced significant challenges. The semiconductor market, known for its volatility, experienced a sharp downturn in 2023. Global sales dropped by more than 8% due to a post-pandemic slump in demand, which severely impacted Comet’s revenues. The company reported a 32% drop in annual turnover, with the X-ray systems segment alone seeing a 50% decline compared to 2022.
In response, Comet implemented strategic cost-cutting measures, including a 10% reduction in its global workforce. Temporary contracts were among the first to be affected as the company adapted to the challenging economic environment.
Despite recent setbacks, Comet remains optimistic about its future. CEO Stephan Haferl emphasized the company’s role as a provider of critical technologies for the digital age. Investments in artificial intelligence and machine learning are expected to not only improve the company’s own processes but also strengthen its market position.
Comet’s acquisition of Canadian AI company ORS in 2020 also highlights its commitment to innovation. The integration of AI into X-ray imaging technologies is particularly promising, allowing for faster, more accurate detection of anomalies in industrial products. These advancements could significantly enhance efficiency for Comet’s clients in industries such as automotive and aerospace.
A crucial player in the digital transformation era
The semiconductor market is expected to recover strongly in 2024, with Deloitte projecting 13% growth and a global market value of $588 billion. Comet’s robust client base and technological expertise position the company to benefit from this resurgence.
This optimism is shared by investors, as evidenced by a significant rebound in Comet’s stock price. After dropping to CHF 150 in mid-2022, the stock surged to a record high of CHF 386 in mid-2024. This recovery underscores confidence in Comet’s long-term growth potential and its critical role in the semiconductor supply chain.
As industries worldwide embrace digital transformation, the demand for semiconductors and quality control technologies continues to grow. Comet’s innovative solutions, from radiofrequency generators for chip manufacturing to AI-enhanced X-ray systems, are indispensable to this evolution.
With its established expertise and focus on innovation, Comet is well-positioned to address the challenges of a dynamic market and contribute to advancements in global technology. As demand for semiconductors continues to grow, the company’s technologies are set to play a significant role in supporting the evolving needs of various industries.
