Orbotech

Company Overview

Snapshot

Founded in February 1981, Orbotech operates with over 1,000 employees. The company was acquired by KLA in March 2018, marking a significant exit in its operational history.

Business overview

Orbotech specializes in providing yield-enhancing and process-enabling solutions for the electronics manufacturing industry. Its core technology focuses on inspecting and understanding printed circuit boards (PCBs), flat panel displays (FPDs), and semiconductor devices (SDs). The company's solutions are designed to facilitate the production of next-generation electronics and improve the cost-effectiveness of existing manufacturing processes, serving markets within industrial manufacturing, particularly in semiconductors and electronics.

Strategic signal

In August 2020, Orbotech was highlighted for its significant role in the buildout of 5G infrastructure, leveraging its expertise in developing advanced manufacturing processes. This signals the company's continued relevance and strategic positioning within critical technological advancements, even after its acquisition by KLA, indicating ongoing innovation and market impact.

Company Intelligence Q&A

What was a significant strategic move for Orbotech in 2018?

In March 2018, Orbotech was acquired by KLA, a move that significantly diversified KLA's revenue base and expanded its addressable market opportunity.

What was Orbotech's role in the 5G infrastructure buildout?

In August 2020, Orbotech was recognized for its significant role in the buildout of 5G infrastructure, contributing its expertise in developing new technologies and solutions for advanced manufacturing processes necessary for 5G.

Did Orbotech make any acquisitions prior to its own acquisition by KLA?

In December 2018, Orbotech acquired the remaining 50% stake in Frontline P.C.B. Solutions for $85 million in cash and up to $30 million in future performance payments.

Where did Orbotech relocate its flat panel display division?

In June 2020, Orbotech relocated its flat panel display division from San Jose to Yavne, Israel, with plans to increase its production capacity in Israel to approximately 90% of its total manufacturing by the end of 2021.

When did Orbotech become a publicly traded company?

Orbotech had its Initial Public Offering (IPO) in August 1984, listing on NASDAQ.