Nova Receives Over $7 Million Orders From a Leading Foundry in Asia; Sees Increase in Overall Bookings During Q4
Nova Measuring Instruments Ltd. (NASDAQ: NVMI) today announced that a leading foundry in Asia recently placed over $7 million orders for its integrated and standalone metrology tools combined with its NovaMARS modeling platform. The tools will support manufacturing ramp up in 28nm technology node and development efforts for both 20nm and 14nm technology nodes. The company expects to ship the ordered tools during the current and next quarter.
"We are delighted with this large order from one of our most strategic customers and see it as a testament for our long term technological partnership. Our ability to provide leading edge metrology tools with superior performance and reliability for advanced 2X and 1X technology nodes, make Nova metrology platforms the solution of choice for foundry customers. This recent booking stream is part of a general trend of increased bookings during the fourth quarter, after a period of weaker demand in previous quarters", said Gabi Seligsohn, President and CEO of Nova.
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