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Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) reports a design win with "a leading foundry in Asia" to be the baseline tool of record for CMP process development of its most advanced technology node. Nova said that its selection was a result of a detailed qualification process in which the tools' ability to measure the most challenging process characteristics was evaluated.
The foundry is believed to be TSMC, the world's biggest semiconductor producer, and one of Nova's most important customers. Nova's solutions will be used in producing 14 nanometer chips, considered the most technologically advanced in the world today. They are small in size and have low energy consumption, and are intended for smartphones and tablet computers.
The suite of products selected includes Nova's most advanced integrated and standalone metrology tools combined with Nova's modeling software solution. The company expects to receive multiple tool orders for this technology node once the customer completes the process development and moves to high volume manufacturing. This could mean orders for Nova worth $15-20 million.
Nova president and CEO Gabi Seligsohn said today, "Partnering with the world's leading foundries to develop process control solutions is of great importance to us and we continue to see the huge benefits offered to us and our customers as a result of these collaborations. Our ability to meet the requirements of the most advanced technology nodes with a combination of standalone and integrated metrology tools is a major proof point for Nova's superior technology."
Nova Measuring Instruments has a market cap of $170 million.
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