In 2022, Onto made $1 billion in revenue from metrology equipment needed for leading-edge and advanced packaging.
Just a couple of weeks after providing a promising financial outlook at its latest quarterly update, small semiconductor equipment maker Onto Innovation (NYSE: ONTO) said it has just finalized new equipment orders worth over $100 million thanks to new developments in ... you guessed it, artificial intelligence (AI). The usual suspect, Nvidia, is the likely reason for this recent add-on order, but it helps illustrate the big trends moving small, under-the-radar Onto Innovation. Here's what investors need to know about this small AI company.
Onto Innovation (ONTO) recently announces that it finalizes over $100 million in orders for Dragonfly G3 inspection system. The deliveries are scheduled through the first quarter of 2024.