Camtek Receives Orders Of Over $20 Million For Advanced Packaging And Compound Semiconductors Applications

Rhea-AI Summary

Camtek Ltd. (NASDAQ: CAMT) announced receiving over $20 million in recent orders for its inspection and metrology systems, aimed at customers involved in advanced packaging and compound semiconductors. These compounds cater to growing sectors like automotive power applications and mobile face recognition. Deliveries are projected for the second and third quarters of 2021. CEO Rafi Amit highlighted strong business momentum and confidence for 2021, anticipating another record year.

Positive

• Received orders exceeding $20 million for inspection and metrology systems.
• Orders are from customers in advanced packaging and compound semiconductor sectors.
• Strong business momentum indicates potential for another record year in 2021.

Negative

• None.

MIGDAL HAEMEK, Israel, April 1, 2021 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced that in recent weeks it received orders for inspection and metrology systems totaling over $20 million from several customers who manufacture products in the field of advanced packaging and compound semiconductors. Compound semiconductors support the growing demand for several applications such as power and lidar in automotive, and face recognition in mobile.  

The systems are expected to be delivered during the second and third quarters of 2021.

Rafi Amit, Chief Executive Officer, commented, "We continue to see strong momentum in our business and these new orders make us increasingly confident in our expectations for  2021, all of which, point to another record year for Camtek."

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, Memory, CMOS Image Sensors, MEMS, and RF, serving numerous industry's leading global IDMs, OSATs, and foundries.

With eight offices around the world, Camtek has best-in-class sales and customer support organization, providing tailor-made solutions in line with customers' requirements.

This press release is available at www.camtek.com  

This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry, intellectual property litigation, price reductions as well as due to risks identified in the documents filed by the Company with the SEC.

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

INTERNATIONAL INVESTOR RELATIONS  
GK Investor Relations
Ehud Helft
Tel: (US) 1 646 688 3559
camtek@gkir.com

 

 

 

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SOURCE Camtek Ltd

FAQ

What recent orders did Camtek Ltd. receive?

Camtek Ltd. received over $20 million in orders for inspection and metrology systems from customers in advanced packaging and compound semiconductors.

How much revenue is projected from the new orders at Camtek?

The new orders received by Camtek are expected to generate over $20 million in revenue.

When are the new systems expected to be delivered?

The systems ordered are anticipated to be delivered during the second and third quarters of 2021.

What sectors are the orders related to?

The orders are related to advanced packaging and compound semiconductors, supporting automotive and mobile applications.

Who commented on the new orders at Camtek?

Rafi Amit, the CEO of Camtek, commented on the new orders and expressed confidence in the company's performance for 2021.