REHOVOT, Israel, April 18,
2024 /PRNewswire/ -- Nova (Nasdaq: NVMI) today
announced that it has received multiple orders from leading
customers for process control solutions for Gate-All-Around (GAA)
device manufacturing. The orders are for dimensional, materials,
and chemical metrology solutions. The Company expects to deliver
them in the next 12 months, with additional orders expected to
follow as GAA progresses into high-volume production.
Nova's extensive portfolio enables customers to get deeper
insights into complex semiconductor structures, offering a broader
perspective on geometrical dimensions, materials properties, and
chemical analytics. The Company is engaged with or has received
orders from leading manufacturers transitioning into GAA,
affirming the portfolio's unique value.
"Nova offers a distinctive and comprehensive array of metrology
solutions tailored for Gate-All-Around manufacturing. We are
encouraged by the increasing number of selections and
qualifications by key manufacturers. We expect these engagements to
convert into substantial business volumes as these customers ramp
up GAA-based node production." said Gaby Waisman, President and CEO. "On top of
complex architectures, materials and chemicals are becoming
increasingly crucial to device evolution. Nova's portfolio
addresses the specific challenges of next-generation device
fabrication and provides our customers with essential value across
multiple application domains."
As the semiconductors industry shifts into long-awaited advanced
technology nodes, new process challenges arise. Time to yield
becomes critical, conflicting with an increasing number of process
steps, higher sampling, and lower error tolerance. This clash is
further complicated by the need to measure on-device and in-die, as
the test structures are no longer representative of the actual
process. Moreover, an abundance of new materials introduced into
the process necessitates inline control of parameters. Process
control solutions must address complex 3D structures, new
materials, more layers, and more physical and chemical inline
parameters to address these needs.
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; inability to protect our intellectual property; open source
technology exposure, including risks related to artificial
intelligence; 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;
risks related to conditions in Israel, including related to the recent attack
by Hamas and other terrorist organizations from the Gaza Strip and Israel's war against them; 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, 2023, filed with the Securities and
Exchange Commission on February 20,
2024. 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.
Logo: https://mma.prnewswire.com/media/1446151/Nova_Logo.jpg
Company Contact:
Dror David, Chief Financial
Officer
+972-73-229-5760
investors@novami.com
Nova website link: https://www.novami.com
Investor Relations Contact:
Miri Segal MS-IR LLC
+917-607-8654
msegal@ms-ir.com
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SOURCE Nova