MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of foundational technology solutions, announced a series of strategic developments underscoring its continued transformation and expansion. Effective May 16, 2025, the company will officially change its name to MKS Inc., following shareholder approval, to better reflect its diversified portfolio beyond traditional industrial instruments. The company's NASDAQ ticker symbol "MKSI" will remain unchanged.

President and CEO John T.C. Lee highlighted the company's evolution since its founding in 1961, marked by a series of key acquisitions—including Newport (2016), ESI (2019), and Atotech (2022, a global supplier of specialty chemicals and equipment for PCB and semiconductor packaging manufacturing)—which expanded MKS's reach into subsystems, process control solutions, and specialty chemicals. Today, MKS generates $3.65 billion in annual revenue, boasts a 15-year track record of consecutive dividends, and maintains robust financial health with $1.3 billion in liquidity and a current ratio of 3.11, according to InvestingPro.

In line with this transformation, MKS announced executive leadership changes effective August 1, 2025. James A. Schreiner will step down as head of the Materials Solutions Division (MSD) and return to his prior role as Executive Vice President and Chief Operating Officer. He will oversee operations, supply chain, and workplace functions for the Vacuum and Photonics Solutions Divisions. David P. Henry, currently EVP of Operations and Corporate Marketing, will succeed Schreiner as EVP of Global Strategic Marketing and General Manager of MSD, continuing to lead the company's strategic and corporate marketing efforts.

"Jim has played a vital role in integrating Atotech and leading MSD with excellence, while Dave brings strong strategic acumen to guide MSD into the future," said Lee. "Their leadership will continue to shape MKS's next phase of growth."

Further strengthening its global footprint, MKS recently unveiled plans for a major investment in Thailand. On May 7, the company announced the construction of a new Atotech chemical manufacturing plant and technology center in the Suvarnabhumi Industrial Estate near Bangkok. The 35,400-ping (approximately 117,000 square meters) facility will produce process chemicals for electronics, automotive, and metal finishing industries, and house advanced plating, laser, and analytical labs.

Expected to begin operations in the second half of 2027, the site will support Southeast Asia's rapidly growing PCB and advanced semiconductor packaging industries. With a planned annual capacity of 18,500 metric tons and over $40 million in investment, the facility will also include IIoT and software solutions, customer support services, and a modern administrative office.

"This facility represents a critical milestone in expanding our presence in Southeast Asia and supporting regional innovation in electronics manufacturing," Lee said. "It reflects our long-term commitment to our customers and the growth of the global electronics and plating industries."

MKS also reported strong first-quarter 2025 financial results, with revenue reaching $936 million and earnings per share of $1.71—both surpassing market expectations. The company declared a quarterly dividend of $0.22 per share, payable in early June.