Onto Innovation: Strong Demand From Advanced Packaging Customers
Portfolio Pulse from
Onto Innovation's Specialty Devices & Advanced Packaging segment is experiencing significant growth, driven by strong demand from advanced packaging customers like TSMC and Samsung. The segment's revenue share is expected to increase from 40% in 2020 to 67% in 2024, with a 34% annual growth rate. This growth is fueled by demand for SiC power devices for EVs and supported by Onto's advanced metrology and inspection technologies.
December 31, 2024 | 2:30 pm
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Onto Innovation's Specialty Devices & Advanced Packaging segment is driving significant growth, with revenue share expected to rise to 67% by 2024. Strong demand from major customers like TSMC and Samsung, particularly for SiC power devices for EVs, is a key growth driver.
The article highlights Onto Innovation's strong growth in its Specialty Devices & Advanced Packaging segment, driven by demand from major customers like TSMC and Samsung. The expected increase in revenue share and the 34% annual growth rate indicate a positive outlook for Onto's stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100