Nova Ltd (NVMI) Q2 2021 Earnings Call Transcript
Summary
Additionally, to better utilize these high volume manufacturing lines, we are offering our customers a broad range of solutions to upgrade the installed base, to extend the fleet, lifespan and increase its productivity. Nova FIT, our deep learning solution suite, stands as a key differentiator in our offering to customers who strive to improve accuracy and increase yield while reducing time to market. Todays fabrication process is so complicated that it takes several months from the time a silicon wafer is introduced in the manufacturing until a fully functional device is produced that can be released to electrical testing. Encouraged by our consistent achievements and our ability to meet our Nova 300 model, we recently announced during our Analyst and Investor Day the new strategic plan to organically grow the business to more than $500 million in revenues. As part of our roadmap, we constantly develop upgrade packages for these tools, including hardware and software, to be able to provide our customers with more capabilities to handle more complex devices in existing traditional fabrication lines.