Nova Measuring Instruments wins $15m in new orders

The share price jumped 5% on news of the order, which included Novas most advanced integrated and stand-alone metrology tools.

Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) has won a series of orders for its metrology systems worth $15 million altogether from several foundries as they prepare to boost production and development efforts for future technology nodes. Shipments will begin immediately and continue through the coming quarters.

The orders include Novas most advanced integrated and stand-alone metrology tools and NovaMARS modeling software with extended capabilities to assist customers to overcome the advanced process requirements in light of shrinking geometries and complicated 3D structuring. The tools will support manufacturing ramp up and capacity increase in multiple process steps as well as development efforts for their next generation technology nodes. We are delighted with this large order stream from the world leading foundries that continue to ramp aggressively in order to meet the demand for smartphone, tablets, and mobile computing markets. Our integrated and stand-alone solutions portfolio optimally supports the challenging needs of foundries at 28nm and 20nm with future extendibility to 1X technology nodes, said Nova EVP global business Eitan Oppenhaim.

Nova's share price jumped 5% on the news to NIS 30 in morning trading on the TASE. Monday on Nasdaq the share price fell 2.2% to $7.69, giving a market cap of $205 million.

Published by Globes [online], Israel business news - www.globes-online.com - on December 26, 2012

Copyright of Globes Publisher Itonut (1983) Ltd. 2012

 
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