Nova Ltd. Portfolio Selected by Gate-All-Around

TL;DR

Nova Ltd. lands new deal with Gate-All-Around Manufacturers.

AI Summary

NOVA LTD. announced on April 18, 2024, that its portfolio has been selected by Gate-All-Around Manufacturers. This filing is a Form 6-K report for the month of April 2024.

Why It Matters

This selection by Gate-All-Around Manufacturers indicates potential new business and adoption of Nova's technology, which could lead to future revenue growth.

Risk Assessment

Risk Level: low — This is a routine filing announcing a business selection, with no immediate financial impact or significant new risks disclosed.

Key Players & Entities

• NOVA LTD. (company) — Registrant
• Gate-All-Around Manufacturers (company) — Customer
• April 18, 2024 (date) — Filing Date

FAQ

Filing Documents

• zk2431312.htm (6-K) — 18KB
• image0.jpg (GRAPHIC) — 23KB
• 0001178913-24-001366.txt ( ) — 51KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: April 18, 2024 NOVA LTD. (Registrant) By: /s/ Dror David —————————————— Dror David Chief Financial Officer Company Contact: Dror David, Chief Financial Officer Tel: +972-73-229-5760 E-mail - investors@novami.com Nova website link - https://www.novami.com/ Investor Relations Contact: Miri Segal MS-IR LLC Tel: +917-607-8654 E-mail - msegal@ms-ir.com Nova's Portfolio Selected by Gate-All-Around Manufacturers REHOVOT, Israel - April 18, 2024 - Nova (Nasdaq: NVMI) today announced that It has received multiple orders from leading customers for process control solutions for Gate-All-Around (GAA) device manufacturing. The orders are for dimensional, materials, and chemical metrology solutions. The Company expects to deliver them in the next 12 months, with additional orders expected to follow as GAA progresses into high-volume production. Nova's extensive portfolio enables customers to get deeper insights into complex semiconductor structures, offering a broader perspective on geometrical dimensions, materials properties, and chemical analytics. The Company is engaged with or has received orders from leading manufacturers transitioning into GAA, affirming the portfolio's unique value. "Nova offers a distinctive and comprehensive array of metrology solutions tailored for Gate-All-Around manufacturing. We are encouraged by the increasing number of selections and qualifications by key manufacturers. We expect these engagements to convert into substantial business volumes as these customers ramp up GAA-based node production." said Gaby Waisman, President and CEO. "On top of complex architectures, materials and chemicals are becoming increasingly crucial to device evolution. Nova's portfolio addresses the specific challenges of next-generation device fabri

Forward-Looking Statements

Forward-Looking Statements This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding, but not limited to, anticipated growth opportunities and projections about our business and its future revenues, expenses and profitability. Forward-looking achievements expressed or implied in those forward-looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to, the following: increased information technology security threats and sophisticated computer crime; foreign political and economic risks including supply-chain difficulties; regulations that could restrict our operations such as economic sanctions and export restrictions; changes in U.S. trade policies; indirect effects of the Russia – Ukraine conflict; market instability including inflation and recessionary pressures; risks related to doing business with China; catastrophic events; inability to protect our intellectual property; open source technology exposure, including risks related to artificial intelligence; failure to compete effectively or to respond to rapid technological changes; consolidation in our industry; difficulty in predicting the length and strength of any downturn or expansion period of the market we target; factors that adversely affect the pricing and demand for our product lines; dependency on a small number of large customers; dependency on a single manufacturing facility per product line; dependency on a limited number of suppliers; difficulty in integrating current or future acquisitions; lengthy sales cycle an

View Full Filing

View this 6-K filing on SEC EDGAR