Onto Innovation Announces Customer Selection of Comprehensive Integrated Metrology Suite
December 07 2021 - 5:18PM
Business Wire
Resulting in Long-Term $85 Million
Commitment for Shipments 2022-2023
Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation,” “Onto” or
the “Company”) today announced $85 million in orders from a 3D NAND
manufacturer for its integrated OCD and thin film metrology suite
with deliveries beginning in 2022 and into the first half of
2023.
Orders for Onto’s products comprise an innovative metrology
suite earning “tool of record” status, which includes the Atlas® V
metrology system for complex 3D structures, the new Iris™ planar
thin films metrology system, the IMPULSE® integrated metrology
system and the MetaPULSE® hard mask metrology system.
“We are able to solve new metrology challenges for advanced 3D
NAND devices by integrating multiple data streams into our AI
Diffract™ software, meeting more stringent control requirements for
both the CMP budget and amorphous carbon hard mask thickness/etch
selectivity. Additionally, we can significantly accelerate customer
process development with faster recipe creation by using the same
AI Diffract platform across multiple systems,” commented Rodney
Smedt, vice president and general manager of the metrology
business.
Onto Innovation provides a full suite of products across
different phases for our customers’ product ramping stages. In the
early R&D phase, the Atlas product offers complete metrology
functionality for all device layers. As our customers move to the
production phase, they have options to seamlessly transfer certain
application layers to the Iris product to reduce their overall
capital investment. Atlas and Iris products can provide backups for
each other, and provide significant savings on customer investment,
floor space, and engineering training.
Smedt added, “In addition to higher performance, maximizing the
value of assets is critical as processes change over time. With
Onto Innovation’s metrology platform, customers have the ability to
optimize their process control strategy for cost and performance.
As a customer’s demands change over time our platforms are field
upgradeable allowing for a longer return on their Onto Innovation
investment. This cost-effective design approach achieves lower cost
of ownership by using the flexible upgradability of the Iris system
to redeploy existing capital assets rather than purchasing
additional systems. In addition, the Iris system can be initially
configured with either spectroscopic ellipsometry or reflectometry,
depending on the specific films being measured.”
At Onto Innovation, we have earned our customers’ business by
offering products that are connected solutions that work with one
another, from the Atlas V and Iris systems to the integrated
metrology of the IMPULSE system. All three incorporate AI Diffract
software to create a unique hybrid metrology solution.
About Onto Innovation Inc.
Onto Innovation is a leader in process control, combining global
scale with an expanded portfolio of leading-edge technologies that
include: Un-patterned wafer quality; 3D metrology spanning chip
features from nanometer scale transistors to large die
interconnects; macro defect inspection of wafers and packages;
metal interconnect composition; factory analytics; and lithography
for advanced semiconductor packaging.
Our breadth of offerings across the entire semiconductor value
chain helps our customers solve their most difficult yield, device
performance, quality, and reliability issues. Onto Innovation
strives to optimize our customers’ critical path of progress by
making them smarter, faster and more efficient.
Headquartered in Wilmington, Massachusetts, Onto Innovation
supports customers with a worldwide sales and service
organization.
Additional information can be found at
www.ontoinnovation.com.
Forward Looking Statement
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the “Act”) which include: statements by Rodney Smedt and other
statements related to the order announcement; Onto Innovation’s
business momentum and future growth; the benefit to customers of
Onto Innovation’s products; Onto Innovation’s ability to both
deliver products and services consistent with our customers’
demands and expectations and strengthen its market position; as
well as other matters that are not purely historical data. Onto
Innovation wishes to take advantage of the “safe harbor” provided
for by the Act and cautions that actual results may differ
materially from those projected as a result of various factors,
including risks and uncertainties, many of which are beyond Onto
Innovation’s control. Such factors include, but are not limited to,
the length, severity and potential business impact of the COVID-19
pandemic; the Company’s ability to leverage its resources to
improve its position in its core markets; its ability to
successfully integrate acquired businesses and technologies; its
ability to weather difficult economic environments; its ability to
open new market opportunities and target high-margin markets; the
strength/weakness of the back-end and/or front-end semiconductor
market segments; fluctuations in customer capital spending and any
potential impact as a result of the novel coronavirus situation.
Additional information and considerations regarding the risks faced
by Onto Innovation are available in Onto Innovation’s Form 10-K
report for the year ended December 26, 2020 and other filings with
the Securities and Exchange Commission. As the forward-looking
statements are based on Onto Innovation’s current expectations, the
Company cannot guarantee any related future results, levels of
activity, performance or achievements. Onto Innovation does not
assume any obligation to update the forward-looking information
contained in this press release.
Source: Onto Innovation Inc. ONTO-I
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version on businesswire.com: https://www.businesswire.com/news/home/20211207006131/en/
Investor Relations: Michael Sheaffer, +1 978.253.6273
mike.sheaffer@ontoInnovation.com
Trade Press: Amy Shay, +1 952.259.1794
amy.shay@ontoinnovation.com
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