Nova Measuring Instruments bucks industry trends
Semiconductor metrology systems developer posts rising revenues and profits for second quarter 2012.
Israel-based metrology systems developer, Nova Measuring Instruments, has posted quarterly revenues of $27.1 million, up 20% over the first quarter of 2012, but down 9% relative to the second quarter of 2011.
Meanwhile, profits were up to $5.4 million, for the second quarter of 2012, from $4.1 million in the first quarter of this year. Second quarter profits for 2011 were $9.4 million.
"The need for additional foundry capacity and yield improvement at 28nm continued to drive strong demand for our solutions," says Gabi Seligsohn, Nova chief executive. "Looking ahead, we expect process control to continue to account for a higher share of overall capital expenditures as foundries are planning a move to 20nm, 14nm and beyond, with associated process complexity and yield requirements."
"We also believe that these manufacturing and development complexities will continue to drive foundry customers towards buying fully configured tools with significant software content," he added.
For the third quarter of 2012, management expects revenues of $23.0-$25.5 million.
