REHOVOT, Israel, Oct. 10,
2024 /PRNewswire/ -- Nova (NASDAQ:
NVMI) announced today that one of the world's leading logic
manufacturers recently qualified Nova Prism 2 to address backside
power delivery applications in front-end processes of advanced
logic nodes' manufacturing. The selection has already yielded an
order for multiple tools and sets another milestone in Nova's rapid
market share growth in standalone optical CD solutions. This
announcement follows another selection by a leading memory customer
and recurring orders by other major foundry and memory customers,
all for the most advanced process nodes.
The rapid growth of artificial intelligence drives the growing
complexity of advanced logic, memory, and packaging architectures,
such as backside power delivery, which necessitate complex and
challenging process steps using hybrid bonding, through-silicon
vias, and redistribution layers. These techniques help maintain
Moore's law and achieve higher bandwidth, lower latency, lower
power, and higher yield. In turn, they also require much tighter
process control on smaller, denser interconnects and tall, highly
complex multilayered structures.
The Nova Prism platform, using its unique spectral
interferometry technology and applying proprietary machine learning
algorithms, 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
manufacturers signifies the rapid growth and adoption of Nova Prism
and our entire standalone portfolio, demonstrating the growing
value of Nova's innovative metrology portfolio across market
segments," said Gaby Waisman, Nova's
President and CEO. "Our continuous investment in unique solutions
targeting the most critical and complex applications, helps our
customers overcome significant manufacturing challenges."
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 war against
Hamas and other terrorist organizations; 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.
Company Contact:
Guy Kizner, 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