Business
Nova Opens New Large-Scale Clean Room in Israel
REHOVOT, Israel, March 23, 2023 /PRNewswire/ -- Nova (Nasdaq: NVMI) announced today the opening of its new production facility in Israel. The state-of-the-art
About this update from Nova Ltd.
[{"type":"text","content":"REHOVOT, Israel, March 23, 2023 /PRNewswire/ -- Nova (Nasdaq: NVMI) announced today the opening of its new production facility in Israel. The state-of-the-art clean room aims at expanding Nova's production capacity and complements the existing facilities, allowing the Company to improve production procedures and yields.\nThe new, highly advanced clean room facility supports the Company's long-term growth strategy by establishing the required manufacturing environment to produce Nova's most advanced platforms. The facility utilizes state-of-the-art production methods, including industry 4.0 elements and high levels of automation. In keeping with Nova's ESG commitment, it is constructed to support high sustainability and environmental standards.\n\"As part of the NOVA 1B strategic plan, we aim at doubling our production capacity in the next five years. In order to meet that, our plan is to expand production output at all main sites for our three metrology divisions,\" explained Eitan Oppenhaim, Nova's President and CEO. \"The new clean room in Israel can support higher yield for our established products but also accommodate high-volume manufacturing of our new products. Built with ESG principles in mind, the new facility meets high industry standards for a safe and smart work environment to enable cutting-edge production methods.\"\nAbout NovaNova is a leading innovator and key provider of material, optical and chemical metrology solutions for advanced process control in semiconductor manufacturing. Nova delivers continuous innovation by providing state-of-the-art high-performance metrology solutions for effective process control throughout the semiconductor fabrication lifecycle. Nova's product portfolio, which combines high-precision hardware and cutting-edge software, provides its customers with deep insight into developing and producing the most advanced semiconductor devices. Nova's unique capability to deliver innovative solutions enables its customers to improve performance, enhance product yields and accelerate time to market. Nova acts as a partner to semiconductor manufacturers from its offices worldwide. Additional information may be found on Nova's website link - https://www.novami.com/.\nNova is traded on the Nasdaq and TASE, Nasdaq ticker symbol NVMIForward-Looking StatementsThis press release contains forward-lookin...