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Onto Innovation Inc. is a global leader in the design, development, and manufacture of high-performance process control systems and software for the semiconductor and advanced packaging industries. The company provides tools and solutions that enhance productivity, improve yields, and reduce costs in semiconductor fabrication. Its offerings include metrology, defect inspection, lithography systems, and process control software, serving both front-end wafer processing and back-end device packaging applications.
- Systems and Software - Develops and supplies metrology, defect inspection, and lithography systems used to monitor and improve semiconductor manufacturing processes.
- Parts - Provides spare parts for process control systems to ensure operational continuity and efficiency.
- Services - Offers maintenance service contracts, system upgrades, and billable service calls to support customers' operational needs.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
David Mayson Brooks Executive | VP & GM, Inspection Business Unit | None | VP & GM since July 2023; extensive experience in semiconductor sales, business development, and operations; previously held leadership roles at Rudolph Technologies and AkroMetrix. | |
Mark R. Slicer Executive | Chief Financial Officer | None | CFO since May 2022; previously held senior financial roles at Boston Scientific and General Electric; CPA with extensive global finance experience. | |
Michael P. Plisinski Executive | Chief Executive Officer | Board Member at Cognizer.AI; Board Member at Massachusetts High Technology Council, Inc. | CEO of Onto Innovation since October 2019; previously CEO of Rudolph Technologies; extensive experience in semiconductor metrology and data analysis. | View Report → |
Robert Fiordalice Executive | SVP & GM, Metrology Business Unit | None | SVP & GM since January 2022; previously held leadership roles at Nanometrics and Rudolph Technologies; expertise in semiconductor metrology and advanced packaging. | |
Christine A. Tsingos Board | Director | Board Member at Envista Holdings Corporation, Varex Imaging Corporation, and Telesis Bio Inc. | Director since May 2014; extensive financial and operational experience; previously CFO of Bio-Rad Laboratories; recognized as Bay Area CFO of the Year in 2010. | |
Christopher A. Seams Board | Chairperson of the Board | Board Member at Xperi Inc. | Chairperson since October 2019; over 30 years of semiconductor industry experience; previously CEO of Deca Technologies and held executive roles at Cypress Semiconductor. | |
David B. Miller Board | Director | President of the University of Virginia School of Engineering & Applied Science Foundation | Director since July 2015; over 40 years of experience in the electronics industry; previously President of DuPont Electronics & Communications. | |
Leo Berlinghieri Board | Director | None | Director since July 2008; former CEO of MKS Instruments; extensive international and operational experience in the semiconductor industry. | |
May Su Board | Director | Board Member at Applied Engineering, Inc. | Director since March 2022; over 40 years of experience in the semiconductor capital equipment industry; previously CEO of Kateeva, Inc.. | |
Stephen D. Kelley Board | Director | President & CEO of Advanced Energy Industries, Inc.; Board Member at Advanced Energy Industries, Inc. | Director since January 2023; over 30 years of leadership in the semiconductor industry; previously CEO of Amkor Technology and COO of Cree, Inc.. | |
Stephen Schwartz Board | Director | None | Director since July 2024; over 25 years of leadership in high-technology companies; currently CEO of Azenta, Inc. (retiring May 2024); expertise in semiconductor automation systems. | |
Susan D. Lynch Board | Director | Board Member at Allegro MicroSystems, Inc. | Director since March 2024; extensive financial leadership experience; previously CFO of V2X, Inc. and Hitachi Vantara; CPA with expertise in governance and strategy. |
- Given the significant increase in R&D expenses in Q4 2024, will this elevated spending continue into 2025, and how do you expect it to impact your operating margins?
- With AI packaging revenue growth reaching 180% over 2023, surpassing your initial target of 160%, what factors led to this outperformance, and is this growth rate sustainable in 2025?
- You mentioned a surprising increase in NAND orders supporting high-stack 3D NAND applications; how significant is this demand, and how does it affect your outlook for NAND in 2025?
- As process control intensity for HBM evolves with challenges like stacking more die and moving to HBM 4, are you seeing sustained or increasing demand for your solutions, and how might this impact your market share in AI packaging?
- Can you provide clarity on the expected revenue contribution of new products like void detection and 3D bump inspection tools in calendar 2025, and how they factor into your overall growth strategy?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Samsung Semiconductor | Major memory & semiconductor device manufacturer | All | 19% of Onto Innovation's total revenue in 2023, 13% in 2022, and 16% in 2021; also represented >10% of net accounts receivable at end of 2023. |
Taiwan Semiconductor | Leading semiconductor foundry (metrology & inspection partner) | All | 14% of Onto Innovation's total revenue in 2023, 15% in 2022, and 18% in 2021; also represented >10% of net accounts receivable at end of 2023. |
SK Hynix Inc. | Prominent memory chip manufacturer | All | 11% of Onto Innovation's total revenue in 2022 (less than 10% in 2023 and 2021). |