About This Report
This is the fifth annual environmental, social, and governance (ESG) report of Ichor Holdings, Ltd (Ichor), which reports activities and data from the 2025 year. This report provides an overview of our corporate social responsibility (CSR) programs and activities and aims to cover the ESG topics determined to be “material” to Ichor through our materiality assessment. We have prepared this report with reference to the Global Reporting Initiative (GRI) Universal standards to the extent that information is currently available for public disclosure. A full GRI Content Index can be found in the Appendix of this report. This report is also aligned with the Sustainability Accounting Standards Board (SASB) metrics and Task Force on Climate-Related Financial Disclosures (TCFD) metrics for the semiconductor industry. This report has not been externally assured. To provide feedback or ask questions about the content of this report, please contact us at esg@ichorsystems.com
View 2025 Report Here.
Stewardship
Social
Responsibility
Governance
As stakeholder expectations evolve, we continually raise our standard of excellence, delivering expertise and innovation with quality. We operate in accordance with our Strategic Tenets:
- Customer Trust
- Innovation
- Market Leadership
- Operational Leadership
- One Ichor
Aware of our industry’s environmental impact, we strive to make a global difference. This 2025 Environmental, Social, and Governance (ESG) report highlights our progress and goals. Led by our cross-functional teams, we advanced climate action and employee satisfaction.
As proud members of the Responsible Business Alliance, we uphold ethical practices and foster industrywide progress. We continue to enhance our engagement with our customers and suppliers through collaborative forums, assessments, and educational courses, and conferences. We remain committed to measurable reductions in Scopes 1, 2 and 3 greenhouse gas emissions. Beyond our operations, our parts harvesting program continues to reduce waste and material use, while our logistics leverage carbon-neutral shipments where possible.
Despite industry challenges, we remain dedicated to an enriching workplace. For the third year, our Core Values survey reflected improved employee sentiment, aligning with our values of Innovation, Collaboration, Honesty, Operational Excellence, and Reliability. Through employee resource groups, and continuous improvement initiatives, we empower our global workforce. Guided by our Core Values, we’re proud to share this report and welcome your continued support in driving positive change.
Phil Barros
Chief Executive Officer and Board Member
Ichor is a leading provider of world-class engineering, value-added manufacturing, efficient materials management, and precision testing capabilities for our valued customers worldwide. Our strategic global footprint allows us to deliver the highest level of customer service and support through our dedicated program management, sales, engineering, and executive management teams. Headquartered in Fremont, California, Ichor operates manufacturing facilities across key locations in North America, including California, Minnesota, Nevada, Oregon, Texas, and Mexico. In Asia-Pacific, we have a strong presence in Malaysia and Singapore.
Our global supply chain spans over 700 suppliers spread across more than 25 countries on three different continents. This extensive network ensures the seamless flow of resources and materials, contributing to the success of our operations worldwide, and is a testament to our commitment to excellence. We take pride in our ability to deliver precision solutions, innovation, and value to our customers across the globe. For more detailed information on our global reach, capabilities, and partnerships, we invite you to visit the locations page on our website. Our workforce is globally distributed, with employees located across the Americas and Asia-Pacific regions. The majority of employees support manufacturing, engineering, and operational functions.
Company
Highlights
(as of December 31, 2025)
ICHR
on Nasdaq
$948M
2025 revenue
~2400
employees and associates
Our Core Values form the foundation of our company culture and act as the compass that directs our actions, decision-making, and policies. These values drive us to do more and do better.
We challenge ourselves to explore, innovate, and transform ideas into leadingedge products and best-inclass solutions
We operate with a disciplined and resultsdriven mindset, embracing each other’s strengths, diverse backgrounds, and experiences to create an environment of inclusion
We promote a culture of mutual trust and respect and demonstrate integrity in all we do
Excellence
We demonstrate an uncompromising commitment to safety and quality and cultivate a culture of continuous improvement
We hold ourselves accountable to deliver results and meet our commitments
Our ESG program is designed to demonstrate and reinforce our Core Values while creating new opportunities for innovation, customer partnership, and industry-wide progress.
Guided by best practices like our ESG materiality assessment and frameworks from RBA, GRI, and SASB, we’re committed to advancing ESG initiatives that support our company and customers. Since launching our ESG Council in 2022, we’ve set our mission, developed a five-year roadmap, and established environmental performance baselines to meet emissions and energy goals. Our roadmap aligns with the priorities of key stakeholders, customers, investors, employees, suppliers, and communities. ESG oversight is provided by our Board’s Nominating and Corporate Governance Committee, which gives leadership to address ESG risks, strategy, and progress, as outlined in the committee charter.
Governance
- Product Safety and Quality
- Transparency and Reporting
- Responsible Supply Chain Management
- Risk Management of ESG Issues
- Data Protection and Cybersecurity
- Leadership Engagement and Accountability
Sustainability
- Emissions Reduction and Management
- Resource Efficiency
- Pollution Prevention
- Sustainable Supply Chain Management
Responsibility
- Employee Health, Benefits, and Well-Being
- Employee Engagement and Development
- Inclusion and Engagement
- Occupational Health and Safety
Innovation and Product Stewardship
We deliver high-value, sustainable solutions that adapt to evolving customer needs. Our Advanced Flow Control (AFC) technology optimizes material use, reduces emissions, and lowers costs. By promoting reuse, extending product lifecycles, and adhering to SEMI and ASME standards, we enhance efficiency, cost-effectiveness, and environmental responsibility.
Ichor Systems designs and manufactures semiconductor component products and ensures that chemicals and materials used are compliant to applicable regulations and do not contain or generate harmful chemicals outside of allowed regulatory limits. Ichor Systems maintains strict oversight of our material inputs and supply chain to ensure ongoing compliance with applicable chemical safety and environmental regulations regarding the use or production of hazardous or restricted substances. This includes:
- Supplier Material Declarations: Requiring suppliers to certify that materials meet all relevant global chemical regulations (e.g., RoHS, REACH);
- Material and Process Review: Conducting regular assessments to verify materials in use are compliant to all applicable regulations and that restricted chemicals are not introduced during design, production, or maintenance processes; and
- Regulatory Monitoring: Tracking updates to international chemical management standards and maintaining compliance through applicable laws, regulations, and standards.
As a result, Ichor has determined that no harmful chemicals are used, produced, or released while manufacturing or during the normal use of its products. This determination is supported by supplier declarations, internal audits, and regulatory reviews.
We foster a safety-first culture through open communication, comprehensive training, and proactive risk management. Our platform, IchorTrainer, delivers role-specific safety modules, with a goal of 100% completion for new hires and monthly training. Employees can report incidents via our platform, IchorTrainer, promoting transparency. We conduct regular facility inspections, monitor near-misses, and analyze incidents to reduce hazards. Monthly safety metrics are tracked, reviewed by committees, and shared globally with senior management through a scorecard, ensuring continuous improvement. By encouraging employees to report concerns, we create a safer, more responsive workplace.
Our Caught You Safe Program empowers employees to recognize their peers for taking proactive steps to improve workplace safety; going above and beyond their everyday responsibilities. By celebrating these efforts, we foster a culture where safety is a shared value, not just a requirement. This program reinforces our commitment to proactive risk management and ensures that those who help make our workplace safer receive the recognition they deserve.
Our ESG materiality assessment, which engage our employees, customers, investors, suppliers, and other stakeholders, identified and prioritized key ESG topics that are most important and impactful to our business. The results enabled us to formalize our ESG strategy and roadmap that guide us to make progress toward our commitments. Our original assessment was conducted in 2021. This year, we refreshed our matrix by engaging our external stakeholders - our customers and investors - to ensure alignment of ESG priorities. The top 10 topics that scored at or above 60% on the "Importance" scale are considered material to our ESG strategy. The remaining topics are part of the ongoing development of our ESG programs and are monitored for rising importance.
- Emissions Reduction & Management
- Energy Consumption & Renewable Sources
- Waste Management
- Waste Treatment, Management & Recycling
- Design for Environment
- Employee Health, Benefits & Wellbeing
- Employee Engagement & Development
- Inclusion and Engagement
- Occupational Health & Safety
- Responsible Labor Practices
- Community Engagement & Giving
- Data Protection & Cybersecurity
- Product Safety & Quality
- Universal Human Rights
- Responsible Supply Chain Management
- Conflict Minerals & Responsible Sourcing
- Risk Management of ESG Issues
- Innovation for Responsible Design
- Regulatory Compliance & Emerging Issues
- Business Ethics & Anti-Corruption
- Customer Satisfaction & Accountability
- Transparency & Reporting