Camtek Receives Initial Orders totaling $20 Million for its Newly Launched Product - The Eagle G5

Rhea-AI Summary

Camtek has secured orders worth $20 million for its newly launched Eagle G5 inspection system from multiple customers. The system, introduced at Semicon Taiwan in September 2024, will primarily be used for 2D inspection of Advanced Packaging Fan-out applications. The Eagle G5, based on the Eagle family, represents a significant advancement in inspection and metrology technology, offering enhanced throughput, precision, and versatility for advanced semiconductor manufacturing. The company plans to introduce and deliver several more breakthrough systems in the coming months.

Positive

• Secured new orders worth $20 million for Eagle G5 system
• Successfully launched new product with immediate market acceptance
• Multiple customers placing orders indicates strong market demand

Negative

• None.

Insights

Technology Market Analyst

The $20 million in initial orders for the Eagle G5 inspection system signals strong market validation for Camtek's latest semiconductor inspection technology. The focus on Advanced Packaging Fan-out applications aligns perfectly with the growing demand in advanced semiconductor manufacturing, particularly in Asia where major semiconductor fabs are concentrated.

The timing of these orders, coming shortly after the product's launch at Semicon Taiwan, demonstrates rapid market acceptance and suggests potential for significant revenue growth. The semiconductor inspection equipment market is experiencing robust demand due to increasing complexity in chip manufacturing and quality control requirements. Multiple customer orders indicate broad market interest, potentially leading to follow-up orders as the technology proves itself in production environments.

The new system was introduced in September 2024 at Semicon Taiwan

MIGDAL HAEMEK, Israel, Nov. 4, 2024 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced that it has received orders from multiple customers totaling $20 million for its newly launched product, the Eagle G5, which was introduced at Semicon Taiwan in September 2024.

The orders will be used primarily for 2D inspection of Advanced Packaging Fan-out applications.

This state-of-the-art system is based on the Eagle family and marks a significant leap forward in inspection and metrology technology. It offers unparalleled throughput, precision, and versatility, designed to meet the evolving needs of advanced semiconductor manufacturing.

Rafi Amit, Camtek's CEO commented, "The launch of the Eagle G5 represents our commitment to our customers, in providing the most advanced solutions for their latest products and technologies.

The strong demand for this new product reflects our dedication to supporting our customers' production goals and technology roadmaps. The Eagle G5 is the first of several breakthrough systems we plan to introduce and deliver to customers in the coming months."

For more information about Camtek Ltd. and its advanced inspection and metrology solutions, please visit www.camtek.com.

ABOUT CAMTEK LTD.

Camtek is a developer and manufacturer of high-end inspection and metrology equipment for the semiconductor industry. Camtek's systems inspect IC and measure IC features on wafers throughout the production process of semiconductor devices, covering the front and mid-end and up to the beginning of assembly (Post Dicing). Camtek's systems inspect wafers for the most demanding semiconductor market segments, including Advanced Interconnect Packaging, Heterogenous Integration, Memory and HBM, CMOS Image Sensors, Compound Semiconductors, MEMS, and RF, serving numerous industry's leading global IDMs, OSATs, and foundries.

With manufacturing facilities in Israel and Germany, and eight offices around the world, Camtek provides state of the art solutions in line with customers' requirements.

This press release is available at www.camtek.com 

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on Camtek's current beliefs, expectations and assumptions about its business and industry, all of which may change.  Forward-looking statements can be identified by the use of words including "believe," "anticipate," "should," "intend," "plan," "will," "may," "expect," "estimate," "project," "positioned," "strategy," and similar expressions that are intended to identify forward-looking statements, including our expectations and statements relating to the compound semiconductors market and our position in this market and the anticipated timing of delivery of the systems. These forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Camtek to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that may cause our actual results to differ materially from those contained in the forward-looking statements include, but are not limited to, the effects of the evolving nature of the war situation in Israel, and the related evolving regional conflicts; the continued demand  and future contribution of HBM and Chiplet applications and devices to the Company business resulting from, among other things, the field of AI surging worldwide across companies, industries and nations; formal or informal imposition by countries of new or revised export and/or import and doing-business regulations or sanctions, including but not limited to changes in U.S. trade policies, changes or uncertainty related to the U.S. government entity list and changes in the ability to sell products incorporating U.S originated technology, which can be made without prior notice, and our ability to effectively address such global trade issues and changes; ; and those other factors discussed in our Annual Report on Form 20-F as published on March 21, 2024 as well as other documents filed by the Company with the SEC as well as other documents that may be subsequently filed by Camtek from time to time with the Securities and Exchange Commission. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Camtek does not assume any obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless required by law.

While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Camtek's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Camtek does not assume any obligation to update any forward-looking statements unless required by law.

Contacts:

CAMTEK LTD.
Moshe Eisenberg, CFO 
Tel: +972 4 604 8308
Mobile: +972 54 900 7100
moshee@camtek.com 

INTERNATIONAL INVESTOR RELATIONS   
EK Global Investor Relations
Ehud Helft 
Tel: (US) 1 212 378 8040
camtek@ekgir.com 

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SOURCE Camtek Ltd.

FAQ

How much are the initial orders for Camtek's Eagle G5 worth?

Camtek (CAMT) received initial orders totaling $20 million for its Eagle G5 inspection system.

When and where was Camtek's Eagle G5 system launched?

The Eagle G5 system was launched in September 2024 at Semicon Taiwan.

What is the primary application of Camtek's Eagle G5 system?

The Eagle G5 system will be primarily used for 2D inspection of Advanced Packaging Fan-out applications.

What are the key features of Camtek's Eagle G5 system?

The Eagle G5 system offers unparalleled throughput, precision, and versatility, designed for advanced semiconductor manufacturing.