Onto Innovation Secures Over $100M In Orders For Systems Supporting Advanced Packaging For AI
Portfolio Pulse from Benzinga Newsdesk
Onto Innovation has secured over $100M in orders for systems supporting advanced packaging for AI, reflecting an increase from the previously estimated customer demand. This highlights the critical role of the Dragonfly G3 system in the expanding AI device market.
August 28, 2023 | 9:09 pm
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Onto Innovation's orders for systems supporting advanced AI packaging have exceeded $100M, indicating increased customer demand and the importance of their Dragonfly G3 system.
The news of Onto Innovation securing over $100M in orders for its systems indicates a strong demand for its products, particularly the Dragonfly G3 system. This is likely to have a positive impact on the company's revenues and, consequently, its stock price in the short term.
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