Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) launched a new measurement package which can cut the lengthy process of Optical CD measurement.
Nova shares jumped nearly 18% on the Tel Aviv Stock Exchange (TASE). Its shares have risen over 107% in 2009.
Nova develops measurement tools for the semiconductor manufacturing industry. Last week it announced record orders for its stand-alone Optical CD product. The orders will be supplied in the second and third quarters, and are estimated to be $8 million, more than Nova's total first quarter revenue.
The current product, the MatMaker package, can cut a process which currently can take from several days to as much as a month, to only a few hours.
In the chip manufacturing process, the industry standard has been to measure material properties on blanket wafers, layer by layer, long before Scatterometry application development. Nova's technology eliminates this step-by-step method
Nova president and CEO Gabi Seligsohn said, "This new technology, based on software algorithms and tools refined by our applications developers for the past 10 years, changes the way spectral Optical CD is deployed in fabs, significantly reducing application development time and cost while at the same time increasing the measurement accuracy."
Published by Globes [online], Israel business news - www.globes-online.com - on July 1, 2009
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