Onto Innovation Inc. (ONTO)
Onto Innovation Inc. (ONTO) is a provider of process control inspection and metrology equipment used predominantly in semiconductor manufacturing. The company offers solutions that assist chipmakers in improving yield, performance, and reliability during the production of integrated circuits. Founded in 2018 through the merger of Nova Measuring Instruments and title of the former Nova and Durel companies, Onto Innovation serves clients across the semiconductor supply chain, supporting innovations in advanced logic, memory, and 3D packaging technologies.
Company News
Multibeam Corp. raised $31 million in Series B funding led by Onto Innovation and Lam Capital to accelerate development of advanced E-Beam Lithography production solutions for semiconductor technologies, particularly targeting AI and advanced packaging applications.
The article discusses recent updates in the AI semiconductor industry, focusing on companies like AMD, Nvidia, Onto Innovation, and TSMC. It provides insights into the performance and potential of these companies in the AI semiconductor market.
Semiconductor stocks and ETFs rallied despite a drop in Nvidia's shares, as traders maintained confidence in the broader market. Competitors of the AI giant experienced a marked rally, defying the usual trend of closely following Nvidia's performance.
Onto Innovation Inc. has appointed Dr. Stephen Schwartz, a veteran with over 25 years of experience in the semiconductor and life sciences industries, to its board of directors. The company believes Dr. Schwartz's expertise will bring valuable insights to Onto Innovation's strategic direction.
EchoStar Corporation has unveiled the Open RAN Center for Integration and Deployment (ORCID) at its Cheyenne, WY, data center facility. ORCID aims to advance the development, deployment, and adoption of open and interoperable standards-based radio access networks (RAN). The initiative is expected to boost the O-RAN ecosystem by transitioning from lab-based trials to real-world commercial deployments.
