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Camtek Stock Is Trading Higher On Bagging $20 Million Orders

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Camtek Stock Is Trading Higher On Bagging $20 Million Orders
  • Israel-based Camtek Ltd (NASDAQ: CAMTreceived inspection and metrology system orders of over $20 million from several packaging and compound semiconductor manufacturers in recent weeks.
  • Compound semiconductors support the growing demand for several applications like power and lidar in automotive and face recognition in mobile.  
  • The systems are estimated to be delivered during the second and third quarters of 2021.
  • CEO Rafi Amit acknowledged strong business momentum fueled by the recent orders.
  • Price action: CAMT shares traded higher by 5.45% at $31.53 in the premarket session on the last check Thursday.
 

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