MILPITAS, Calif., March 23, 2020 /PRNewswire/ -- KLA
Corporation (NASDAQ: KLAC) today announced the KLA Foundation
is creating a $2 million fund to
focus on global relief efforts benefiting nonprofit organizations
in regions with the highest number of individuals affected by
COVID-19, and locations with high-risk populations. The two-phase
charitable funding initiative will provide support for food banks,
elderly communities, public hospitals and medical units, and
educational infrastructure. Phase 1 will target immediate relief
for vulnerable communities, while phase 2 will focus on recovery
and assistance. KLA has also increased the limit on corporate
matching for employee contributions to $10,000 for non-profits in order to amplify
individual employee efforts and empower and encourage donations to
causes close to their hearts.
"The KLA Foundation has the vision and active framework to
support the communities in which our employees live and work, and
we are leveraging this capability to address the immediate concerns
facing our global community during a time of unprecedented
uncertainty," said Rick Wallace,
KLA CEO. "By providing direct
financial support to organizations on the front lines of the
pandemic, we hope to help enable these groups to continue
supporting vulnerable populations and meeting educational
needs."
The company is moving forward with plans to support at-risk
communities globally, targeting its efforts on the KLA Foundation's
well-established pillars of focus: health and wellness, local and
international community enrichment, and STEM education.
KLA leaders around the world are defining specific plans to
direct the contributions in meaningful ways in their communities.
Support in key areas will include:
- Food banks—resources to purchase canned goods, hire temporary
workers and drive mobile food distribution
- Senior living communities—food packs, hygiene kits, protective
equipment and medical supplies
- Public hospitals—personal protective equipment and other
medical necessities
- Education—support for digital learning for public schools
and/or schools with large concentrations of low-income
students
Established in 2000, the KLA Foundation supports a range of
charitable initiatives with funding and volunteer opportunities.
With a goal of improving lives where KLA employees work and live
through grants, matching gifts for employee contributions and
volunteerism, the Foundation strives to make a positive and lasting
difference in people's lives and encourage others to take action.
For more information, visit www.kla.foundation.
About KLA:
KLA develops industry-leading equipment and
services that enable innovation throughout the electronics
industry. We provide advanced process control and process-enabling
solutions for manufacturing wafers and reticles, integrated
circuits, packaging, printed circuit boards and flat panel
displays. In close collaboration with leading customers across the
globe, our expert teams of physicists, engineers, data scientists
and problem-solvers design solutions that move the world forward.
Additional information may be found
at www.kla.com (KLAC-P).
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SOURCE KLA Corporation