The company will fill the order for metrology solutions during the first half of 2011.
Metrology solutions developer Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) has received a $10 million order from a major foundry, a current customer, for the company's integrated and standalone metrology tools. The company did not disclose the name of the foundry.
The company will fill the order during the first half of 2011.
Nova president and CEO Gabi Seligsohn said, “We continue to strengthen our position in the foundry segment. This segment plays a key role in leading edge end markets such as tablet computers, smartphones and cellular infrastructure. These end markets are expected to continue to grow and drive high end semiconductor equipment investments."
Nova's share price fell 0.8% on Nasdaq yesterday to $7.90, giving a market cap of $157 million, but rose 0.8% in early trading on the TASE today to NIS 28.90.
Published by Globes [online], Israel business news - www.globes-online.com - on December 22, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010