Camtek Receives an Order for approximately $25M from a tier-1 manufacturer for High Bandwidth Memory (HBM)

MIGDAL HAEMEK, Israel – March 25, 2024 – Camtek Ltd. (NASDAQ: CAMT; TASE: CAMT), today announced that it has received a new order for approximately $25 million from a tier-1 HBM manufacturer, for the inspection and metrology of High Bandwidth Memory (HBM). Most of the systems are expected to be delivered in the second half of 2024.

HBM is a key component for high-performance computing (HPC) applications and is expected to grow at a CAGR of 25% in the coming years.

Rafi Amit, CEO of Camtek commented, “I am pleased with this order that continues the momentum of orders for HBM from the second half of 2023. Camtek systems continue to be the tool of choice by major manufacturers supporting the increased demand of HBM. This order improves our visibility for the second half of 2024. We anticipate more orders for HBM later this year, which is expected to be a record year for Camtek.”