Market Overview

Ichor Announces $50 Million Increase to Share Repurchase Program


Incremental Buyback Program Follows $50 Million Plan Completed in
July 2018

Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design,
engineering, and manufacturing of critical fluid delivery subsystems for
semiconductor capital equipment, today announced that its board of
directors has authorized the repurchase of up to an additional
$50 million of the Company's ordinary shares, incremental to the
$50 million of repurchases completed between February and July of 2018.

"We expect 2018 will be another record revenue year for Ichor, with
revenue growth outperforming the industry, along with increasing gross
and operating margins year-over-year, record earnings, and significant
free cash flow generation," commented Chairman and CEO Tom Rohrs.
"Earlier this year we announced a $50 million share repurchase program,
which we completed in July, purchasing 2.2 million shares at average
price of $22.78. Ichor's management team and board of directors firmly
believe in our long-term growth prospects, and we are also committed to
efficient capital allocation. Given our continued confidence in the
strength of the Company and our outlook for strong free cash flow
generation, we have allocated an additional $50 million in capital
toward opportunistic stock repurchases."

This $50 million increase in the share repurchase program is effective
immediately and will be funded using a combination of our available
cash, future cash flows, and incremental borrowing under our revolving
credit facility. Share repurchases under this program may be made
through open market or privately negotiated transactions, at times and
in such amounts as the board and management deem appropriate, subject to
market conditions and other factors, and in accordance with applicable
regulatory requirements. The share repurchase program does not obligate
us to repurchase any dollar amount or number of shares, and we may
commence, suspend or discontinue purchases of ordinary shares under this
authorization at any time or periodically without prior notice.

As of June 29, 2018, we had $63 million in cash, $190 million in total
long-term debt, and approximately 25.3 million shares outstanding. Given
the share repurchases completed in the third quarter to date, we
estimate our weighted-average fully-diluted share count to be
24.7 million shares for the third quarter.

About Ichor

We are a leader in the design, engineering and manufacturing of critical
fluid delivery subsystems and components for semiconductor capital
equipment. Our product offerings include gas and chemical delivery
subsystems, collectively known as fluid delivery subsystems, which are
key elements of the process tools used in the manufacturing of
semiconductor devices. Our gas delivery subsystems deliver, monitor and
control precise quantities of the specialized gases used in
semiconductor manufacturing processes such as etch and deposition. Our
chemical delivery subsystems precisely blend and dispense the reactive
liquid chemistries used in semiconductor manufacturing processes such as
chemical-mechanical planarization, electroplating, and cleaning. We also
manufacture precision machined components, weldments, and proprietary
products for use in fluid delivery systems for direct sales to our
customers. We also manufacture certain components for internal use in
fluid delivery systems and for direct sales to our customers. This
vertically integrated portion of our business is primarily focused on
metal and plastic parts that are used in gas and chemical systems,
respectively. We are headquartered in Fremont, CA.

Safe Harbor Statement

Certain statements in this release are "forward-looking statements" made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Words such as "guidance," "expects,"
"intends," "projects," "plans," "believes," "estimates," "targets,"
"anticipates," "look forward," and similar expressions are used to
identify these forward-looking statements. Our expectations about full
year results are subject to revision. Accordingly, as we complete our
normal quarter-end and year-end closing and review processes, actual
results could differ materially from these preliminary expectations.

Examples of forward-looking statements include, but are not limited to,
statements regarding expected revenue, margin and cash flow performance
for 2018, as well as any other statement that does not directly relate
to any historical or current fact. Forward-looking statements are based
on management's current expectations and assumptions regarding Ichor's
business and industry, the economy and other future conditions, which
may not prove to be accurate. These statements are not guarantees and
are subject to risks, uncertainties and changes in circumstances that
are difficult to predict. Accordingly, you are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date they are made. Many factors could cause actual
results to differ materially and adversely from these forward-looking
statements, including: (1) dependence on expenditures by manufacturers
and cyclical downturns in the semiconductor capital equipment industry,
(2) reliance on a very small number of original equipment manufacturers
for a significant portion of sales, (3) negotiating leverage held by our
customers, (4) competitiveness and rapid evolution of the industries in
which we participate, (5) risks associated with weakness in the global
economy and geopolitical instability, (6) keeping pace with developments
in the industries we serve and with technological innovation generally,
(7) designing, developing and introducing new products that are accepted
by original equipment manufacturers in order to retain our existing
customers and obtain new customers, (8) managing our manufacturing and
procurement process effectively, (9) defects in our products that could
damage our reputation, decrease market acceptance and result in
potentially costly litigation, (10) unexpected warranty and performance
guarantee claims, (11) dependence on a limited number of suppliers and
(12) the integration of recent acquisitions with Ichor, including the
ability to retain customers, suppliers and key employees. Additional
information concerning these and other factors can be found in Ichor's
filings with the Securities and Exchange Commission (the "SEC"),
including other risks, relevant factors and uncertainties identified in
the "Risk Factors" section of Ichor's Annual Report on Form 10-K filed
with the SEC on March 13, 2018, and subsequent filings with the SEC.

All forward-looking statements in this press release are based upon
information available to us as of the date hereof, and qualified in
their entirety by this cautionary statement. We undertake no obligation
to update or revise any forward-looking statements contained herein,
whether as a result of actual results, changes in Ichor's expectations,
future events or developments, or otherwise, except as required by law.

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