Nova Ltd. (NASDAQ:NVMI) Q1 2024 Earnings Call Transcript

Gaby Waisman: Well, high bandwidth memory is counted as part of memory, as well as advanced packaging. So in that respect, the HBM is part of that. And we are seeing the focus of growth in the first quarter on both DRAM and the high bandwidth memory that consists — that are making the total of that 40%.

Mark Miller: In terms of tools for high bandwidth memory, are there any typically tools that have higher margins?

Gaby Waisman: So our tools for high bandwidth memory are both optical, as well as chemical. On the optical side, it’s the front end tools that were customized for the use in high bandwidth memory. For the chemical, it’s those tools that are serving both, or I would say, the backend packaging customers, such as the [Ankylizer] (ph), and for the frontend side, we have the copper dual damascene tool that is being used for those front-end fabs. So for the HBM specifically, it’s mostly the Ankylizer tool.

Mark Miller: Thank you.

Operator: Thank you. This concludes our question-and-answer session. I would like to turn the conference back over to Mr. Gaby Waisman, President and CEO, for any closing remarks.

Gaby Waisman: Thank you, operator, and thank you all for joining our call today.

Operator: Thank you. The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.