Nova Prism 2 Adoption Expands; Selected by a Leading Logic Manufacturer

Rhea-AI Summary

Nova (NASDAQ: NVMI) announced that a leading logic manufacturer has qualified Nova Prism 2 for backside power delivery applications in advanced logic nodes' front-end processes. This selection has resulted in an order for multiple tools, marking another milestone in Nova's market share growth for standalone optical CD solutions. The announcement follows selections by other major customers for advanced process nodes.

The growing complexity of advanced logic, memory, and packaging architectures, driven by artificial intelligence, necessitates complex process steps using hybrid bonding, through-silicon vias, and redistribution layers. Nova Prism 2, utilizing spectral interferometry technology and machine learning algorithms, addresses these challenges, providing manufacturers with insights for successful production.

Positive

• Qualification and order for multiple Nova Prism 2 tools by a leading logic manufacturer
• Expansion of market share in standalone optical CD solutions
• Selection by major foundry and memory customers for advanced process nodes
• Proven advantage in addressing new manufacturing challenges in AI-driven semiconductor complexity

Negative

• None.

News Market Reaction

-0.30%

1 alert

-0.30% News Effect

On the day this news was published, NVMI declined 0.30%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

REHOVOT, Israel, Oct. 10, 2024 /PRNewswire/ -- Nova (NASDAQ: NVMI) announced today that one of the world's leading logic manufacturers recently qualified Nova Prism 2 to address backside power delivery applications in front-end processes of advanced logic nodes' manufacturing. The selection has already yielded an order for multiple tools and sets another milestone in Nova's rapid market share growth in standalone optical CD solutions. This announcement follows another selection by a leading memory customer and recurring orders by other major foundry and memory customers, all for the most advanced process nodes.  

The rapid growth of artificial intelligence drives the growing complexity of advanced logic, memory, and packaging architectures, such as backside power delivery, which necessitate complex and challenging process steps using hybrid bonding, through-silicon vias, and redistribution layers. These techniques help maintain Moore's law and achieve higher bandwidth, lower latency, lower power, and higher yield. In turn, they also require much tighter process control on smaller, denser interconnects and tall, highly complex multilayered structures.

The Nova Prism platform, using its unique spectral interferometry technology and applying proprietary machine learning algorithms, has a proven advantage in addressing these new challenges and providing manufacturers with the relevant insights to achieve successful production. Nova Prism 2 is the newest generation of the platform, offering the improved sensitivity and accuracy required to address the R&D and high-volume manufacturing metrology needs of advanced process nodes.  

"This selection by one of the world's leading semiconductor manufacturers signifies the rapid growth and adoption of Nova Prism and our entire standalone portfolio, demonstrating the growing value of Nova's innovative metrology portfolio across market segments," said Gaby Waisman, Nova's President and CEO. "Our continuous investment in unique solutions targeting the most critical and complex applications, helps our customers overcome significant manufacturing challenges."

About Nova

Nova is a leading innovator and key provider of material, optical and chemical metrology solutions for advanced process control in semiconductor manufacturing. Nova delivers continuous innovation by providing state-of-the-art, high-performance metrology solutions for effective process control throughout the semiconductor fabrication lifecycle. Nova's product portfolio, which combines high-precision hardware and cutting-edge software, provides its customers with deep insight into developing and producing the most advanced semiconductor devices. Nova's unique capability to deliver innovative solutions enables its customers to improve performance, enhance product yields, and accelerate time to market. Nova acts as a partner to semiconductor manufacturers from its offices worldwide. Additional information may be found on Nova's website link - https://www.novami.com/   

Nova is traded on the Nasdaq and TASE, Nasdaq ticker symbol NVMI.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding, but not limited to, anticipated growth opportunities and projections about our business and its future revenues, expenses and profitability. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to, the following:  increased information technology security threats and sophisticated computer crime; foreign political and economic risks including supply-chain difficulties; regulations that could restrict our operations such as economic sanctions and export restrictions; changes in U.S. trade policies; indirect effects of the Russia – Ukraine conflict; market instability including inflation and recessionary pressures; risks related to doing business with China; catastrophic events; inability to protect our intellectual property; open source technology exposure, including risks related to artificial intelligence; failure to compete effectively or to respond to rapid technological changes; consolidation in our industry; difficulty in predicting the length and strength of any downturn or expansion period of the market we target; factors that adversely affect the pricing and demand for our product lines; dependency on a small number of large customers; dependency on a single manufacturing facility per product line; dependency on a limited number of suppliers; difficulty in integrating current or future acquisitions; lengthy sales cycle and customer delays in orders; risks related to conditions in Israel, including related to the war against Hamas and other terrorist organizations; risks related to our convertible notes; currency fluctuations; and quarterly fluctuations in our operating results. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Nova's Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission on February 20, 2024. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Nova Ltd. does not assume any obligation to update the forward-looking information contained in this press release.

 Company Contact:

Guy Kizner, Chief Financial Officer
Tel: +972-73-229-5760
E-mail - investors@novami.com
Nova website link - https://www.novami.com/

Investor Relations Contact:

Miri Segal MS-IR LLC
Tel: +917-607-8654
E-mail - msegal@ms-ir.com 

Logo: https://mma.prnewswire.com/media/1446151/Nova_Logo.jpg

 

 

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SOURCE Nova

FAQ

What is Nova Prism 2 and how is it used in semiconductor manufacturing?

Nova Prism 2 is an advanced metrology tool that uses spectral interferometry technology and machine learning algorithms to address complex challenges in semiconductor manufacturing, particularly for backside power delivery applications in advanced logic nodes.

How does the recent selection of Nova Prism 2 impact Nova's (NVMI) market position?

The selection of Nova Prism 2 by a leading logic manufacturer marks a milestone in Nova's rapid market share growth in standalone optical CD solutions, strengthening its position in the semiconductor metrology market.

What are the key applications driving demand for Nova Prism 2 in semiconductor manufacturing?

Nova Prism 2 is in demand for addressing complex process steps in advanced logic, memory, and packaging architectures, including hybrid bonding, through-silicon vias, and redistribution layers, which are important for maintaining Moore's law and achieving higher performance in semiconductors.

How does artificial intelligence impact the adoption of Nova's (NVMI) metrology solutions?

The growing complexity of semiconductor architectures driven by artificial intelligence necessitates more advanced metrology solutions like Nova Prism 2, which can provide the required insights for successful production of complex, multi-layered structures.