Onto Innovation (ONTO) announced thequalification of the recently launched Dragonfly G5 platform for new and existing applications in 2.5D advanced packaging, with initial shipments expected in June. The qualification completes a process to accelerate the launch of the Dragonfly G5 system given its new proprietary optics, illumination, and advanced algorithms that improve visibility and throughput resulting in a significantly reduced overall cost of ownership. According to industry analysts, with demand for AI devices enabled through advances in packaging expected to grow approximately 30% annually over the next two years, process control requires a far greater level of sensitivity than previous generations. The new Dragonfly G5 system offers industry-leading capability for customers needing to adapt quickly to changes in package sizes, architectures, and evolving process flows.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONTO:
- Onto Innovation price target raised to $310 from $275 at B. Riley
- Onto Innovation price target raised to $300 from $275 at Cantor Fitzgerald
- Onto Innovation Signals Robust Growth in Earnings Call
- Onto Innovation price target raised to $275 from $240 at B. Riley
- Onto Innovation price target raised to $265 from $225 at Oppenheimer
