REHOVOT, Israel, Aug. 29,
2023 /PRNewswire/ -- Nova (Nasdaq:
NVMI) announced today that one of the world's leading foundry
manufacturers recently selected Nova PRISM 2 for its advanced
packaging process steps.
Advanced packaging applications such as 3D-stacking and
heterogeneous integration help maintain Moore's law and achieve
higher bandwidth, lower latency, lower power, and higher yield. The
new advanced packaging schemes necessitate process steps such as
hybrid bonding and demand tighter process control on smaller,
denser interconnects and tall, highly complex multilayered
structures.
The Nova PRISM platform, using its unique spectral
interferometry technology, has a proven advantage in addressing
these new challenges and providing manufacturers with the relevant
insights to achieve successful production. Nova PRISM 2 is the
newest generation of the platform, offering the improved
sensitivity and accuracy required to address the R&D and
high-volume manufacturing metrology needs of advanced process
nodes.
"This selection by one of the world's leading semiconductor
foundries demonstrates the growing value of Nova's innovative
metrology portfolio beyond traditional front-end process steps,"
said Gaby Waisman, Nova's president
and CEO. "The increasing complexity of advanced packaging
architecture requires novel in-line metrology solutions, and our
market-leading portfolio allows manufacturers to utilize optical CD
and spectral interferometry technologies in completely new ways. We
are encouraged by the keen interest our customers are showing in
what we can do to help them overcome the growing challenges in
advanced packaging."
The Company further reported that it expects to recognize
initial revenues from the selection soon within the calendar year
2023, and that presently it is undergoing additional evaluations
and demos by several other IC manufacturers for similar advanced
packaging applications.
About Nova
Nova is a leading innovator and key provider of material,
optical and chemical metrology solutions for advanced process
control in semiconductor manufacturing. Nova delivers continuous
innovation by providing state-of-the-art high-performance metrology
solutions for effective process control throughout the
semiconductor fabrication lifecycle. Nova's product portfolio,
which combines high-precision hardware and cutting-edge software,
provides its customers with deep insight into developing and
producing the most advanced semiconductor devices. Nova's unique
capability to deliver innovative solutions enables its customers to
improve performance, enhance product yields and accelerate time to
market. Nova acts as a partner to semiconductor manufacturers from
its offices worldwide. Additional information may be found on
Nova's website link - https://www.novami.com/.
Nova is traded on the Nasdaq and TASE, Nasdaq ticker symbol
NVMI.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 relating to future events or our
future performance, such as statements regarding, but not limited
to, anticipated growth opportunities and projections about our
business and its future revenues, expenses and profitability.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements to differ
materially from any future results, levels of activity, performance
or achievements expressed or implied in those forward-looking
statements. Factors that may affect our results, performance,
circumstances or achievements include, but are not limited to, the
following: increased information technology security threats and
sophisticated computer crime; foreign political and economic risks
including supply-chain difficulties; regulations that could
restrict our operations such as economic sanctions and export
restrictions; changes in U.S. trade policies; indirect effects of
the Russia – Ukraine conflict; market instability including
inflation and recessionary pressures; risks related to doing
business with China; catastrophic
events such as the outbreak of COVID-19; inability to protect our
intellectual property; open source technology exposure; failure to
compete effectively or to respond to rapid technological changes;
consolidation in our industry; difficulty in predicting the length
and strength of any downturn or expansion period of the market we
target; factors that adversely affect the pricing and demand for
our product lines; dependency on a small number of large customers;
dependency on a single manufacturing facility per product line;
dependency on a limited number of suppliers; difficulty in
integrating current or future acquisitions; lengthy sales cycle and
customer delays in orders; political, economic and military
instability in Israel including
related to the potential changes to the judicial system; risks
related to our convertible notes; currency fluctuations; and
quarterly fluctuations in our operating results. We cannot
guarantee future results, levels of activity, performance or
achievements. The matters discussed in this press release also
involve risks and uncertainties summarized under the heading "Risk
Factors" in Nova's Annual Report on Form 20-F for the year ended
December 31, 2022, filed with the
Securities and Exchange Commission on February 28, 2023. These factors are updated from
time to time through the filing of reports and registration
statements with the Securities and Exchange Commission. Nova Ltd.
does not assume any obligation to update the forward-looking
information contained in this press release.
Company Contact:
Dror
David, Chief Financial Officer
Tel: +972-73-229-5760
E-mail - investors@novami.com
Nova website link - https://www.novami.com/
Investor Relations Contact:
Miri Segal MS-IR LLC
Tel: +917-607-8654
E-mail - msegal@ms-ir.com
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SOURCE Nova