Nova receives $10 million orders from major foundry

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 a major foundry recently placed $10 million orders for its integrated and standalone metrology tools. The tools will support manufacturing and development for both the 4x and 3x technology nodes.

"We are delighted with this large order from one of our most strategic customers and see it as a real testament to the depth of our long term technological collaboration," said Gabi Seligsohn, president and CEO of Nova.

"As a company we continue to strengthen our position in the foundry segment. This segment plays a key role in leading edge end markets such as tablet computers, smartphones and cellular infrastructure. These end markets are expected to continue to grow and drive high end semiconductor equipment investments."

The company also reported that it expects to ship these orders in the first and second quarters of 2011.