Nova receives $12 million orders from three major foundries

REHOVOT, ISRAEL: Nova Measuring Instruments Ltd, a provider of leading edge stand-alone metrology and the market leader of integrated metrology solutions to the semiconductor process control market, announced that three major foundries recently placed $12 million orders for its integrated and standalone metrology tools.

The tools will support manufacturing and development for both the 4x and 3x technology nodes, and are expected to ship within the first and second quarters of 2011.

"We are delighted with the continued booking stream from the important foundry segment which is continuing to ramp aggressively to meet demand from the smart phone and tablet computing markets," said Gabi Seligsohn, president and CEO of Nova.

"We are happy to see that many of the orders received are from Chinese based customers who are ramping up after a prolonged period of weaker demand from that market. This recent booking stream, together with additional orders already received from memory customers as well as expected multi-million dollar orders from these and other customers during March, should lead to record quarterly bookings in the first quarter of 2011."