YAVNE, Israel, April 20, 2016 /PRNewswire/ --
ORBOTECH LTD. (NASDAQ: ORBK) today announced that SPTS Technologies, an Orbotech company and a supplier of advanced wafer processing solutions for the global semiconductor and related industries, has received a repeat order from Huatian Technology (Kunshan) Electronics Co., Ltd for its Sigma fxP physical vapor deposition (PVD) systems. Huatian Technology, a subsidiary of the Chinese IC test and packaging services company, TianShui Huatian Technology Co., Ltd (TSHT), will deploy the additional Sigma fxP PVD systems to expand its existing capacity of 300mm packaging lines for under bump metallization (UBM) and CMOS image sensor (CIS) packaging services.
According to SEMI's February 2016 report, China is the largest regional market for packaging equipment with 30% of global demand, and has grown at a CAGR of 19% over the past 10 years. In 2014, the Chinese government published the National Integrated Circuit Industry Development Promotion Summary, also known as the national "guideline." One objective of the guideline is for China packaging technology to achieve world-class levels by 2020.
"China aims to be self-sustaining in ICs, with a goal of becoming 70% self-sufficient by 2025. As a result, significant investments are being made throughout the domestic supply chain," stated Kevin Crofton, President of SPTS Technologies and Corporate Vice President at Orbotech. "With the purchase of these additional Sigma fxP PVD systems, Huatian is well positioned to meet the growing demand for wafer level packaging services from its global and domestic customers."
Mr Aimo. Xiao, CEO of Huatian Technology (Kunshan) Electronics Co., Ltd stated, "To implement our growth plan, it is important to partner with suppliers such as Orbotech's SPTS, which share our philosophy of technology innovation and success through the highest quality customer support. The Sigma fxP PVD system delivers first-class results at a low cost of ownership, which helps us remain cost competitive and grow our business. We look forward to working more closely with Orbotech-SPTS as we continue to build our 300mm packaging capabilities for the next phase of our growth."
David Butler, Vice President of Product Management and Marketing at SPTS, will be giving an invited talk on PVD technologies on April 21st at the 2016 Symposium on Advanced Packaging and System Integration in Wuxi, China. This premier conference is hosted by Yole Développement and NCAP China, the National Centre for Advanced Packaging.
The SPTS 300mm PVD system for bumping applications comprises wafer degas, pre-clean and PVD modules for depositing UBM/RDL seed layers in advanced packaging schemes. Cost of ownership savings can exceed 30% through a unique approach to wafer degassing, a high rate pre-clean and long life targets and chamber furniture. The same PVD modules can also be used to deposit Ti-Cu seed or Thick Al alloy redistribution layers (RDL) in CIS wafer level packaging.
About Huatian Technology (Kushan) Electronics Co., Ltd.
Established in June 2008, Huatian Technology (Kunshan) Electronics Co., Ltd. is a corporation specializing in advanced LSI (Large-Scale Integration) assembly and test. The first OSAT in the world to apply TSVs for CIS packaging in mass production, Huatian's services including Image Sensor Chip & Module packaging and test, Fingerprint Sensor Chip and Module packaging and test, WL-MEMS Sensor Chip packaging and test, Wafer Bumping, WL-CSP, Flip Chip, low cost solution to Fan-out, and 3D multi-chip stacked package development. Huatian Technology (Kunshan) Co., Ltd. is a wholly owned subsidiary of a TianShui Huatian Technology Co., Ltd (TSHT). For more information, visit http://www.htkjks.com/index.html.
About Orbotech Ltd.
Orbotech Ltd. (NASDAQ: ORBK) is a global innovator of enabling technologies used in the manufacture of the world's most sophisticated consumer and industrial products throughout the electronics and adjacent industries. The Company is a leading provider of yield enhancement and production solutions for electronics reading, writing and connecting, used by manufacturers of printed circuit boards, flat panel displays, advanced packaging, micro-electro-mechanical systems and other electronic components. Today, virtually every electronic device in the world is produced using Orbotech systems. For more information, visit http://www.orbotech.com/.
Cautionary Statement Regarding Forward-Looking Statements
Except for historical information, the matters discussed in this press release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, future prospects, developments and business strategies and involve certain risks and uncertainties. The words "anticipate," "believe," "could," "will," "plan," "expect" and "would" and similar terms and phrases, including references to assumptions, have been used in this press release to identify forward-looking statements. These forward-looking statements are made based on management's expectations and beliefs concerning future events affecting Orbotech and are subject to uncertainties and factors relating to Orbotech's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control. Many factors could cause the actual results to differ materially from those projected including, without limitation, cyclicality in the industries in which the Company operates, the Company's production capacity, timing and occurrence of product acceptance (the Company defines 'bookings' and 'backlog' as purchase arrangements with customers that are based on mutually agreed terms, which, in some cases for bookings and backlog, may still be subject to completion of written documentation and may be changed or cancelled by the customer, often without penalty), fluctuations in product mix, worldwide economic conditions generally, especially in the industries in which the Company operates, the timing and strength of product and service offerings by the Company and its competitors, changes in business or pricing strategies, changes in the prevailing political and regulatory framework in which the relevant parties operate or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis, the level of consumer demand for sophisticated devices such as smartphones, tablets and other electronic devices as well as automobiles, the Company's global operations and its ability to comply with varying legal, regulatory, exchange, tax and customs regimes, the Company's ability to achieve strategic initiatives, including related to its acquisition strategy, the Company's debt and corporate financing activities; the final outcome and impact of the criminal matter and ongoing investigation in Korea , including any impact on existing or future business opportunities in Korea and elsewhere, any civil actions related to the Korean matter brought by third parties, including the Company's customers, which may result in monetary judgments or settlements, expenses associated with the Korean Matter, ongoing or increased hostilities in Israel and the surrounding areas, and other risks detailed in the Company's SEC reports, including the Company's Annual Report on Form 20-F for the year ended December 31, 2015 , and subsequent SEC filings. The Company assumes no obligation to update the information in this press release to reflect new information, future events or otherwise, except as required by law.
COMPANY CONTACTS: Anat Earon-Heilborn Director of Investor Relations Orbotech Ltd. Tel: +972-8-942-3582 Investor.firstname.lastname@example.org Tally Kaplan Porat Head of Corporate Marketing Orbotech Ltd. Tel: +972-8-942-3603 Tally-Ka@orbotech.com
SOURCE Orbotech Ltd.