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Nova Measuring Instruments

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Nova Ltd.
Company typePublic
Nasdaq: NVMI
TASE: NVMI
IndustrySemiconductor
FoundedMay 1993; 32 years ago (1993-05)
FounderGiora Dishon,
Moshe Finarov
Headquarters
Rehovot
,
Israel
Key people
Gaby Waisman (president & CEO)
ServicesSemiconductor equipment
RevenueIncrease US$672 million (2024)
Increase US$188 million (2024)
Increase US$184 million (2024)
Number of employees
1100
Websitenovami.com
Footnotes / references
[1]

Nova Ltd., formerly known as Nova Measuring Instruments, is a publicly traded company that provides advanced metrology solutions for semiconductor manufacturing. Founded in 1993, the company specializes in dimensional, materials, and chemical metrology technologies. Nova is listed on both the NASDAQ Global Market and on the Tel Aviv Stock Exchange under the ticker symbol NVMI.[2]

Nova was the pioneer of integrated metrology, revolutionizing the semiconductor industry by embedding measurement capabilities directly within process tools to enable real-time, wafer-to-wafer control.[3]

History

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Founding and early years (1993–2000)

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Nova was founded in May 1993 by Giora Dishon and Moshe Finarov.[4][5]

In 1997, Intel Corporation both a client and an investor.[6][7] Two years later, Nova expanded internationally with a subsidiary in Japan and operations in Singapore.[8]

In 2000, Nova completed its initial public offering on the NASDAQ.[9]

Expansion and listings (2000–2010)

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In 2002, Nova’s shares were also listed on the Tel Aviv Stock Exchange (TASE).[10][11]

In 2006 Nova acquired HyperNex Inc., a U.S.-based company specializing in microstructure analysis tools, expanding its technological base in materials characterization.[12]

Acquisitions and rebranding (2011–present)

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Nova Ltd. has pursued an inorganic growth strategy to broaden its process control capabilities through key acquisitions in materials, chemical, and dimensional metrology.

On April 2, 2015, the company completed the acquisition of Revera Inc., a U.S. developer of X-ray metrology solutions for complex film stack measurements, for $46.5 million, thereby integrating standalone X-ray Photoelectron Spectroscopy (XPS) into its portfolio. [13]

At 2021 Nova rebranded as Nova Ltd.

Continuing its expansion into the back-end and advanced packaging markets, Nova acquired ancosys GmbH, a German leading provider of chemical analysis solutions, in February 2022 in an all-cash transaction valued at approximately $100 million. [14][15]

In early 2025, the company further extended its dimensional metrology offerings for advanced packaging applications by finalizing the acquisition of Sentronics Metrology GmbH, a German developer of wafer metrology sensors, for approximately $60 million.[16][17]

Financials

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For the full year 2024, Nova reported revenues of US$672.4 million, a 30% increase from FY 2023. Net income was US$183.8 million, up 35% year-over-year. The company achieved a profit margin of 27% and earnings per share of US$6.31.[18]

Leadership

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As of 2023, Nova's President and CEO is Gaby Waisman.[19][20]

Product and Technology Lines

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Nova Ltd. delivers metrology and process control solutions for semiconductor manufacturing across process steps, for logic, memory, advanced packaging and specialty devices. [21]

Nova’s solutions combine integrated and standalone systems, implementing optical and materials technologies as well as chemical analysis, combined with software suites and utilizing AI and machine learning.[22]

Awards and Patents

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In February 2019 Nova and GlobalFoundries Jointly awarded the 'Best Metrology Paper' at SPIE Advanced Lithography Conference,[23] and in April 2022, Nova again awarded the "Best Metrology Paper" Jointly with IBM Research.[24]

In March 2025, Nova and Samsung Electronics were jointly awarded the Vladimir Ukraintsev Award for 'Collaborations in Metrology' at the SPIE Advanced Lithography Conference.[25]

See also

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References

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  1. ^ "NOVA LTD. - Form 20-F - December 31, 2024". United States Securities and Exchange Commission. Retrieved 24 December 2025.
  2. ^ "NOVA LTD. - 1109345 - 2025". sec.gov. Retrieved 22 December 2025.
  3. ^ Davis, Shannon (29 July 2020). "Nova Unveils Next Generation Integrated Metrology Solutions - Semiconductor Digest". Semiconductor Digest. Retrieved 22 December 2025.
  4. ^ "Nova Measuring Instruments Ltd (NVMI.O) Company Profile". Reuters. Archived from the original on 17 April 2010. Retrieved 7 October 2011. Nova Measuring Instruments Ltd. (Nova), incorporated in May 1993, is a designer, developer and producer of integrated process control metrology systems.
  5. ^ Offer Danon, Ariel Karmeli (September 2008). "Becoming a trusted supplier to fabs and foundries" (PDF). Israel Venture Capital & Private Equity. 8 (3): 11. Archived from the original (PDF) on 2013-09-25. Retrieved 5 October 2011. The company was established in 1993 by Giora Dishon and Moshe Finarov, formerly of Orbotech, to develop an advanced concept of integrating metrology and inspection tasks into the semiconductor process line.
  6. ^ "Intel Acquires 8% of Nova Measuring Instruments for $3 Mln". Globes. Archived from the original on 2012-04-06. Retrieved 5 October 2011. Intel has invested $3 million in Israeli company Nova Measuring Instruments, in exchange for 7.9% of its share capital.
  7. ^ Feldman, Batya (11 November 2010). "'במקום נובה חדשה אני עוזר לחברות אנרגיה מתחדשת'" [Instead of a new Nova I'm helping renewable energy companies]. Globes (in Hebrew). Retrieved 5 October 2011. בשנת 1997 אינטל השקיעה בנובה והפכה גם ללקוחה שלה.
  8. ^ "Nova Opens Subsidiary Offices in Tokyo and Singapore". Rehovoth. Business Wire. 9 November 1999. Retrieved 5 October 2011 – via Find Articles.
  9. ^ "Nova Measuring Instruments". Teuza. Retrieved 7 October 2011. In April 2000 Nova Measuring Instruments Ltd., in which Teuza's original investment was $900,000, issued its shares on the USA NASDAQ stock exchange (at a post money valuation of $285M).
  10. ^ "Nova Measuring to start trade in Tel Aviv on Wednesday". TheMarker. 16 June 2002. Retrieved 17 November 2025.
  11. ^ "Nova to dual-list on TASE". Globes. 28 April 2002. Retrieved 17 November 2025.
  12. ^ "HyperNex, Inc.: Private Company Information". Bloomberg Businessweek. Archived from the original on December 3, 2012. Retrieved 5 October 2011. As of August 9, 2006, HyperNex, Inc. operates as a subsidiary of Nova Measuring Instruments Ltd.
  13. ^ "Israel's Nova acquires US co Revera for $46.5m". Globes. 12 March 2015. Retrieved 17 November 2025.
  14. ^ "Nova buys German chemical metrology co ancosys for $100m". Globes. 2021-11-17. Retrieved 2024-02-04.
  15. ^ "Nova Completes Acquisition of ancosys". NASDAQ. Retrieved 24 December 2025.
  16. ^ "Nova Completes Acquisition of Sentronics". PR Newswire. Retrieved 23 October 2025.
  17. ^ "Nova to acquire Sentronics Metrology for $60M in cash". NASDAQ. Retrieved 24 December 2025.
  18. ^ "Nova Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line". simplywall.st. 14 February 2025. Retrieved 23 October 2025.
  19. ^ Ltd, Nova Measuring Instruments. "Nova Announces Leadership Changes". www.prnewswire.com. Retrieved 17 November 2025.
  20. ^ "Nova Ltd: Executives". Retrieved 17 November 2025.
  21. ^ "Technologies overview". Nova. Retrieved 23 October 2025.
  22. ^ "NOVA LTD". www.sec.gov. Retrieved 22 December 2025.
  23. ^ "Nova and GLOBALFOUNDRIES Jointly Awarded the 'Best Metrology Paper' at SPIE Advanced Lithography Conference". www.prnewswire.com. Retrieved 25 November 2025.
  24. ^ "IBM Research and Nova Jointly Awarded the "Best Metrology Paper" at SPIE Advanced Lithography Conference". www.prnewswire.com. Retrieved 25 November 2025.
  25. ^ "Samsung Electronics and Nova Jointly awarded the Vladimir Ukrain". www.gurufocus.com. Retrieved 23 October 2025.
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