Electronic manufacturing equipment manufacturer KLA Corporation (NASDAQ: KLAC) announced new shipments of its innovative device. It changes one of the major technological processes, and KLAC Stock looks forward to long-term benefits.
The KLA Corporation (KLAC)’s Orbotech division announced last week that it had delivered the Neos 800 to TTM Technologies, Inc. (TTMI). It is a new generation of production equipment. It replaces the current process of coating PCBs. The Orbotech Neos 800 uses additive technology instead of soldering, which means it applies the required material in layers. The process significantly reduces cycle times and chemical waste.
KLAC Stock expects its new technology to assist semiconductor manufacturers in creating the most efficient and advanced high- and low-volume manufacturing capabilities. TTM Technologies is an example of one of these companies. The company manufactures printed circuit boards for a variety of industries, including aerospace, defense, automotive, computer, and medical.
TTM Technologies says Orbotech’s equipment has decreased floor space, energy consumption, and waste that requires special disposal while increasing production rates. At the same time, the quality of products has improved. This announcement signals to KLA Corporation investors the potential value of the company’s developments.
On July 27, KLA Corporation (KLAC) traded with a share price of $309. The company has a market cap of $46.42 billion, along with 153.80 million outstanding shares.