About Camtek

Camtek Ltd. (Camtek) develops and manufactures high-end inspection and metrology equipment for the semiconductor industry. Camtek’s systems inspect IC and measure IC features on wafers throughout the production process of semiconductor devices, covering the front and mid-end and up to the beginning of assembly (Post Dicing). Camtek’s systems inspect wafers for the most demanding semiconductor market segments, including Advanced Packaging, Heterogenous Integration (HI), Compound Semiconductors, Memory, CMOS Image Sensors, Power, RF and MEMS, serving the industry’s leading global IDMs, OSATs, and foundries. Semiconductors wafers are scanned under the advanced optic heads (2D Inspection and metrology and 3D metrology) in the company’s systems, advanced software and algorithms are implemented on the scanned wafers data, as a result its systems automatically sort good dies and defected dies, the defected dies will be sort out of the production lots and will not be inserted into a package or a product. The systems are easy to operate and offer high accuracy and productivity in high volume manufacturing environments. These systems incorporate proprietary advanced image processing software and algorithms, as well as advanced electro-optics and precision mechanics and are designed for easy operation and maintenance. The company’s global, direct customer support organization provides responsive, local pre- and post- sales support for its customers through its wholly owned subsidiaries located in 8 offices around the world. Inspection and Metrology are implemented at various stages along the semiconductor manufacturing process. Camtek’s systems serve various manufacturing stages starting from the front-end macro inspection and Outgoing Quality Control (OQC), through Inspection and Metrology of bumps in the mid-end and the inspection of post-diced wafers in the back end (Assembly). Product Lines Inspection and Metrology Systems The company’s systems consist of an electro-optical assembly unit which captures the image of the inspected product and which consists of a video camera, precision optics and illumination sources; a precise, movable table, that holds the inspected product; and an electronic hardware unit, which operates the entire system and includes embedded components that process and analyze the captured image by using its proprietary algorithms. The inspected product is placed on a designated platform and is scanned under the optical assembly unit. The optical assembly unit then captures images of the product, while the electronic hardware unit processes the image using the analysis algorithms. Detected discrepancies are logged and reported as defects per the user definitions. The image of the defect is immediately available for verification by the system operator. The company’s systems can also compile and communicate statistical reports of inspection findings via the customer’s factory information system. The company offers a broad range of systems for automated optical Inspection and Metrology of semiconductor wafers. The company invests significant resources in R&D to provide its customers with advantageous performance, low cost of ownership, high reliability and ease of operation. The company produces and sells only the Eagle platform and have phased out all other models. Marketing and Customer Support The company has established a global distribution and support network throughout the territories in which it sells, installs and supports its products, including the Asia Pacific region, North America and Europe. The company primarily utilizes its own employees to provide these customer support services. The company has a distribution rights agreement with a Japanese company, under which this company sells, installs and supports its products in Japan. The company’s marketing efforts include participation in various trade shows and conventions, publications and trade press, product demonstrations performed at its facilities and regular contact with customers by marketing personnel. The company generally provides a 12-month warranty to its customers. In addition, for a fee, the company offers service and maintenance contracts commencing after the expiration of the warranty period. Under its service and maintenance contracts, the company provides prompt local, on-site customer support. The company’s experienced local teams have been able to install and support its customers throughout the pandemic with virtual support, as needed, from its experts in the headquarters. The company takes various measures to secure customers’ payment on a case by case basis by means of letters of credit. Also, the company receives advanced payments before shipment from most customers. Customers The company targets wafer manufacturers and companies involved in the testing, assembly and packaging of semiconductor devices. The company’s customers are semiconductor manufacturers, among them outsourced semiconductor assembly and test (OSAT), integrated device manufacturers (IDMs) and wafer level packaging subcontractors. The company’s customers, many of whom have multiple facilities, are located throughout Asia, Europe and North America. As of December 31, 2022, the company’s installed base was over 1,800 systems. Research and Development Costs The company’s research and development expenses included $28.9 million for the year ended December 31, 2022. Competition The company’s main competitors are Onto Innovations, Skyverse, ATI Electronics Pty Ltd., Cheng Mei Instrument Technology Co., ASTI Holding Limited, Toray Industries Inc. and, for some limited applications, KLA-Tencor Corporation. Governmental Regulations The EU directives, which represent the European standard required in order to sell in Europe, apply to the company’s business: Machinery Directive 2006/42/EC and EMC 2004/108/EC. The SEMI Standards, which define uniform standards for manufacturers in the semiconductor fabrication industry and production equipment producers, apply to the company: SEMI S-2 (safety requirements for sale of equipment in the semiconductor fabrication) and SEMI S-8 (ergonomic requirements for sale of equipment in the semiconductor fabrication industry). The company complies with these governmental regulations during the systems’ design process, which is conducted in accordance with its quality assurance manual ISO9001:2015. History Camtek Ltd. was incorporated under the laws of the state of Israel in 1987.