Nova Receives from Several Leading Foundries of $15M

Nova Measuring Instruments NVMI announced today that several leading foundries recently placed over 15 million dollars of orders in aggregate as part of their production ramp up and development efforts for future technology nodes. The orders include Nova's 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 smart phone, 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 Eitan Oppenhaim, Executive Vice President of Global Business at Nova. The company expects to ship the tools during the current and next quarters. About Nova: Nova Measuring Instruments Ltd. develops, See full press release