Exhibit 99.3


            ASYST COMPLETES $86.25 MILLION CONVERTIBLE DEBT OFFERING

FREMONT, CA, July 5, 2001--Asyst Technologies, Inc. (Nasdaq NM: ASYT) announced
that, effective July 3, 2001, it  closed the private placement of $86.25 million
aggregate principal amount of 5.75% convertible subordinated notes due 2008 to
qualified institutional buyers.  Prior to closing, the initial purchasers
exercised their over-allotment option to purchase an additional $11.25 million
principal amount of the notes, which is included in the aggregate amount of the
offering of $86.25 million. Asyst anticipates total net proceeds of
approximately $82.9 million and intends to use those proceeds primarily for
general corporate purposes, including working capital.

The notes will be convertible at a price of $15.18 per share into approximately
5.68 million shares of Asyst common stock.  The notes will bear interest at
5.75% per year, payable semiannually and will be redeemable by Asyst at any time
on or after July 3, 2004.  Asyst has agreed to file a registration statement for
the resale of the notes and the shares of the common stock issuable upon
conversion of the notes within 90 days after the closing of the offering.

The notes and the common stock issuable upon conversion have not been registered
under the Securities Act of 1933, as amended or applicable state securities
laws, and were offered and sold in reliance on Rule 144A under the Securities
Act.  Unless so registered, the notes and common stock issued upon conversion of
the notes may not be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the Securities Act and
applicable state securities laws.

     This announcement is neither an offer to sell nor a solicitation of an
offer to buy any of these securities.  This press release is being issued
pursuant to and in accordance with Rule 135c under the Securities Act of 1933,
as amended.

Except for statements of historical fact, the statements in this press release
are forward-looking.  Such statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially from the
statements made.  These factors include, but are not limited to: the volatility
of semiconductor industry cycles, failure to respond to rapid demand shifts,
dependence on a few significant customers, the transition of the industry from
200mm wafers to 300mm wafers, risks associated with the acceptance of new
products and product capabilities, including our Plus Portal systems,
competition in the semiconductor equipment industry, failure to efficiently
integrate acquired companies, failure to retain employees, and other factors
more fully detailed in the Company's annual report on Form 10-K for the year
ended March 31, 2001 filed with the Securities and Exchange Commission on June
19, 2001.


About Asyst: Asyst Technologies, Inc. is a leading provider of integrated
automation systems for the semiconductor manufacturing industry, which enable
semiconductor manufacturers to increase their manufacturing productivity and
protect their investment in silicon wafers during the manufacture of integrated
circuits, or ICs.  Through its "Value-Assured Fab" strategy, Asyst offers a
broad range of 200mm and 300mm solutions that enable the safe transfer of wafers
and information between the process equipment and the fab line throughout the IC
fabrication process, while reducing IC damage caused by human, environmental,
mechanical and chemical factors.  Encompassing isolation systems, work-in-
process materials management, substrate-handling robotics, automated transport
and loading systems, and connectivity automation software, Asyst's modular,
interoperable solutions allow chipmakers and original equipment manufacturers,
or OEMs, to select and employ the value-assured, hands-off manufacturing
capabilities that best suit their needs.  Asyst's homepage is
http://www.asyst.com