Onto Innovation Announces Over $100 Million in Orders for Systems Supporting Advanced Packaging for AI
28 August 2023 - 11:04PM
Business Wire
Dragonfly® G3 sub-micron inspection and
metrology system supports production of AI chiplet packages
Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation,” “Onto,” or
the “Company”) today announced finalizing over $100 million in
orders for the Dragonfly® G3 inspection system with deliveries
scheduled through the first quarter of 2024, plus new orders now
extending into the second half of 2024. This represents an increase
from the previously estimated customer demand reflecting the
critical role the Dragonfly G3 system plays in support of advanced
packaging for the expanding AI device market. The orders are from
leading logic and memory manufacturers for heterogeneous integrated
(HI) packages that combine a graphics processor (GPU) and numerous
high bandwidth memory (HBM) devices to create an AI GPU in a single
package. The Company expects additional orders in 2024 to support
expansions in the AI GPU market, which is estimated to grow at an
annual average rate of 40% over the next four years, according to
International Data Corporation and JP Morgan.
This year, several companies have announced accelerated demand
for AI GPUs to supply both hyperscalers and corporate enterprises
with specialized parallel computing platforms to meet the growing
demand for large language model applications. “The Dragonfly G3
system is a versatile integrated inspection and metrology solution
that supports manufacturers with their goal of using only known
good die to create both HBM and chip-on-wafer GPU packages,” says
Mayson Brooks, vice president and general manager of Onto’s
inspection business. “The system’s range of high-performance
optical capabilities enables it to monitor multiple parameters at
high throughput. Specifically, our unique Clearfind® technology is
in demand by several customers to detect non-visual organic residue
on chip-to-chip connections to ensure long-term package reliability
and to maintain integrity of the power and data lines.”
In addition to Clearfind technology, the Dragonfly G3 system
offers sub-micron 2D defect detection and metrology, measuring the
depth of through silicon vias and height of redistribution layers
with a visible thickness and shape sensor while infrared (IR)
technology detects edge cracks that also can adversely affect
device reliability. The system is tightly integrated with control
and leading automated defect classification software for real-time
analysis and review.
Onto Innovation offers heterogeneous integration customers
flexibility in addressing their specific process control challenges
as part of a broader portfolio of metrology, inspection and
enterprise software products in this rapidly growing space. To
learn more about the Dragonfly G3 system, visit Onto Innovation at
SEMICON® Taiwan September 6-8 in Booth M0656-4F or send us a
message.
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 combined with our
connected thinking approach results in a unique perspective to help
solve our customers’ most difficult yield, device performance,
quality, and reliability issues. Onto Innovation strives to
optimize customers’ critical path of progress by making them
smarter, faster and more efficient. With headquarters and
manufacturing in the U.S., Onto Innovation supports customers with
a worldwide sales and service organization. Additional information
can be found at www.ontoinnovation.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the “Act”) which include statements relating to Onto Innovation’s
business momentum and future growth; the benefit to customers and
the capabilities of Onto Innovation’s products and customer
service; Onto Innovation’s ability to both deliver products and
services consistent with our customers’ demands and expectations
and strengthen its market position, Onto Innovation’s beliefs about
market opportunities 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 Company’s ability to leverage its resources to
improve its position in its core markets; 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; the Company’s ability to
effectively manage its supply chain and adequately source
components from suppliers to meet customer demand; the effects of
political, economic, legal, and regulatory changes or conflicts on
the Company's global operations; its ability to adequately protect
its intellectual property rights and maintain data security; the
effects of natural disasters or public health emergencies, such as
the current COVID-19 pandemic, on the global economy and on the
Company’s customers, suppliers, employees, and business; its
ability to effectively maneuver global trade issues and changes in
trade and export license policies; the Company’s ability to
maintain relationships with its customers and manage appropriate
levels of inventory to meet customer demands; and the Company’s
ability to successfully integrate acquired businesses and
technologies. 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 31, 2022
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,
whether as a result of new information, future events or otherwise,
except as required by law.
Source: Onto Innovation Inc. ONTO-IP
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version on businesswire.com: https://www.businesswire.com/news/home/20230828504354/en/
Investor Relations: Michael Sheaffer, +1 978.253.6273
mike.sheaffer@ontoInnovation.com
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