Chinese Semiconductors Buildup Drive Nova’s Sales
3 May, 2018
"They are struggling to stabilize their newly built production lines and are making huge investments in process control and measurements"
Nova (NVMI), from Rehovot, Israel, announced a record quarterly revenue of $62.6 million, up 15% year-over-year, during the first quarter of 2018. Nova provides metrology solutions for advanced process control used in semiconductor manufacturing. AS such, its sales mix reveals major trends in the industry. The company forecasts sales of $57-$63 million in Q2 2018.
It is a good news for Nova, but interesting news for the industry: Expansion in the Memory sector generated 50% of overall product revenue, and growing position in China yielded 40% of overall product revenue. Eitan Oppenhaim, President and CEO of Nova, explained: “The growth was driven by the expansion of our Memory business and our continued growth in China. This strong start supports our outlook for another growth year.”
The CEO of Nova, Dror David, told Techtime that the Chinese government is financing now the many new semiconductors fabs in the country. “They are in the pilot phase, the the process involves heavy research, developments and many tests. They are struggling to stabilize their newly built production lines and are making huge investments in process control and measurements. This is something we strongly feel.”
The company also believes that the memory market will show steady growth in the coming years, specially high volume NAND and DRAM devices, following the growing need for bigger and bigger capacity in the Data centers and Edge devices. “This trend will influence our sales for the rest of 2018.”
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