Nova Ltd.
An Israeli semiconductor equipment company providing dimensional, materials, chemical and process-control metrology systems.
Last updated August 26, 2026
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Overview
Nova Ltd. is an Israeli semiconductor equipment company that develops metrology and process-control technologies for semiconductor manufacturing. Its systems are used to measure and analyze wafer dimensions, thin films, materials properties, chemical conditions and other manufacturing parameters across logic, memory, specialty-device and advanced-packaging production. The company supplies both integrated metrology, in which measurement functions are embedded directly into production tools, and standalone systems used at separate inspection or characterization stations. The company was founded in May 1993 by Giora Dishon and Moshe Finarov. Its early development focused on bringing more precise measurement into semiconductor production, where increasingly small feature sizes made conventional sampling and delayed quality checks less effective. Nova’s integrated-metrology approach enabled measurements to be taken closer to the point of manufacture and supported tighter wafer-to-wafer process control. This positioning helped the company establish relationships with major semiconductor manufacturers, including Intel, which became both a customer and an investor in 1997. Nova began expanding outside Israel in the late 1990s. It established a subsidiary in Japan and operations in Singapore in 1999, reflecting the importance of Asian semiconductor manufacturing centers to its commercial strategy. The company completed an initial public offering on Nasdaq in 2000 and added a listing on the Tel Aviv Stock Exchange in 2002. These listings provided access to public capital while maintaining a connection to Israel’s technology market. During the 2000s and 2010s, Nova broadened its technology base through acquisitions. The 2006 purchase of HyperNex added microstructure-analysis capabilities. In 2015, Nova acquired Revera, a U.S. developer of X-ray metrology systems, for approximately $46.5 million. The transaction expanded the company’s ability to characterize complex film stacks and strengthened its materials-metrology portfolio. Nova subsequently pursued additional capabilities in chemical analysis, dimensional measurement, materials characterization and software-based process control. The company adopted the name Nova Ltd. in 2021, replacing its former Nova Measuring Instruments identity. In February 2022, it acquired German chemical-analysis provider ancosys GmbH in an all-cash transaction valued at approximately $100 million. The transaction extended Nova’s reach into chemical metrology and supported its expansion into advanced packaging and back-end semiconductor manufacturing. In early 2025, Nova completed the acquisition of German wafer-metrology sensor developer Sentronics Metrology GmbH for approximately $60 million, adding further dimensional-metrology capabilities for advanced-packaging applications. Nova’s current portfolio combines optical technologies, materials analysis, chemical metrology, integrated process-control systems and software. Its software offerings are designed to help manufacturers interpret measurements, identify process variation and improve yield. The company also applies artificial intelligence and machine-learning methods in selected process-control workflows. Its customers operate in markets where yield, process repeatability and rapid detection of manufacturing deviations are economically critical. For the 2024 financial year, Nova reported revenue of approximately US$672.4 million and net income of approximately US$183.8 million, according to the cited reference material. Revenue increased 30% year over year and net income increased 35%; the company reported a 27% profit margin and earnings per share of US$6.31. Nova remains an active publicly traded semiconductor-equipment supplier, with growth increasingly linked to advanced process nodes, heterogeneous integration, advanced packaging and more demanding materials and chemical-control requirements.
History
Nova Ltd. was established in May 1993 by Giora Dishon and Moshe Finarov in Israel. From its beginnings, the company concentrated on semiconductor metrology: the measurement of physical, material and chemical properties that determine whether manufacturing processes are operating within specification. Its development was shaped by the semiconductor industry’s shift toward smaller geometries and more complex structures, which increased the need for fast, precise and process-integrated measurement. A central element of Nova’s technology strategy was integrated metrology. Rather than relying only on measurements collected at separate inspection stations, integrated systems place measurement capabilities within or alongside production tools. This makes it possible to obtain process information closer to the point of manufacture and to use that information for wafer-to-wafer control. The approach positioned Nova as a process-control specialist rather than only a supplier of laboratory-style measurement equipment. In 1997, Intel became both a customer and an investor. Nova then expanded internationally in 1999 by establishing a Japanese subsidiary and operations in Singapore. These moves connected the company with major Asian semiconductor manufacturing markets. Nova entered the public markets through a Nasdaq initial public offering in 2000, followed by a Tel Aviv Stock Exchange listing in 2002. The company expanded through acquisitions as it sought to cover more parts of the process-control workflow. In 2006, Nova acquired HyperNex Inc., a U.S. company associated with microstructure-analysis tools. The deal broadened Nova’s materials-characterization capabilities. On April 2, 2015, Nova completed its purchase of Revera Inc. for approximately US$46.5 million. Revera’s X-ray metrology technology added measurement capabilities for complex film stacks and supported the company’s wider materials-metrology strategy. Over the following decade, Nova continued to combine organic product development with acquisitions in dimensional, materials and chemical metrology. In 2021, it changed its corporate name from Nova Measuring Instruments to Nova Ltd. The rebranding reflected a business that had grown beyond its original instrument identity and was increasingly organized around a broader process-control portfolio. In February 2022, Nova acquired ancosys GmbH, a German provider of chemical-analysis solutions, in an all-cash transaction valued at approximately US$100 million. The acquisition added chemical-monitoring expertise and supported Nova’s push into advanced packaging and back-end manufacturing. In early 2025, Nova completed the acquisition of Sentronics Metrology GmbH, a German developer of wafer-metrology sensors, for approximately US$60 million. This transaction further expanded dimensional-metrology coverage for advanced-packaging applications. Nova’s present business spans integrated and standalone systems, optical and materials technologies, chemical analysis, dimensional measurement and software. The company serves logic, memory, specialty-device and advanced-packaging manufacturers. Its process-control systems are intended to help customers detect variation, improve yield and manage increasingly complicated manufacturing flows. The company has also received industry recognition for collaborative metrology research, including awards associated with work involving GlobalFoundries, IBM Research and Samsung Electronics.
- 2025
Sentronics Metrology acquisition
[1]Nova completed the approximately US$60 million acquisition of Sentronics Metrology GmbH.
- 2022
ancosys acquisition
[1]Nova acquired ancosys GmbH for approximately US$100 million in an all-cash transaction.
- 2021
Corporate rebranding
[1]Nova Measuring Instruments adopted the name Nova Ltd.
- 2015
Revera acquisition
[1]Nova completed the approximately US$46.5 million acquisition of Revera, expanding its X-ray and complex-film-stack metrology portfolio.
- 2006
HyperNex acquisition
[1]Nova acquired HyperNex Inc., adding microstructure-analysis capabilities.
- 2002
Tel Aviv Stock Exchange listing
[1]The company’s shares were also listed on the Tel Aviv Stock Exchange.
- 2000
Nasdaq initial public offering
[1]Nova completed its initial public offering on Nasdaq.
- 1999
International expansion in Asia
[1]Nova established a subsidiary in Japan and operations in Singapore.
- 1997
Intel becomes a customer and investor
[1]Intel became both a customer and an investor, giving Nova an important connection to a leading semiconductor manufacturer.
- 1993
Nova is founded
[1]Giora Dishon and Moshe Finarov founded the company in Israel in May 1993.
Products and positioning
Advanced semiconductor process control and metrology, combining integrated and standalone measurement systems with materials, chemical, dimensional and software capabilities.
Process control
Integrated metrology systems
Nova’s integrated metrology systems embed measurement capabilities into or near semiconductor production tools. They provide process information during manufacturing and support wafer-to-wafer control, allowing fabs to identify variation sooner than workflows based solely on off-line sampling. This technology is particularly relevant where process windows are narrow and rapid feedback can improve yield and equipment control.
Semiconductor metrology
Dimensional metrology
Dimensional metrology solutions measure physical characteristics of semiconductor structures and wafers. They are used to monitor critical dimensions, profiles and other geometric parameters across advanced manufacturing processes. Nova has expanded this area through internal development and the acquisition of Sentronics Metrology, with applications that include advanced packaging and increasingly complex device architectures.
Materials characterization
Materials metrology
Nova’s materials-metrology portfolio addresses properties such as film thickness, composition and characteristics of multilayer structures. The acquisition of HyperNex added microstructure-analysis capabilities, while the Revera transaction expanded X-ray measurement for complex film stacks. These tools help manufacturers control deposited materials and understand how process conditions affect device performance.
Chemical process control · 2022
Chemical metrology and analysis
Chemical-analysis systems monitor process chemistry and related manufacturing conditions. Nova strengthened this business through its acquisition of ancosys GmbH in 2022. The resulting capabilities support semiconductor front-end processes as well as back-end and advanced-packaging applications, where chemical uniformity and control can influence reliability, throughput and yield.
Manufacturing software
Metrology software and analytics
Nova supplies software and analytical functions alongside its measurement hardware. These tools organize metrology data, support process monitoring and help manufacturers detect deviations across production steps. The company describes its broader solutions as incorporating artificial intelligence and machine-learning techniques in selected process-control workflows.
Brand decisions
2025
Acquire Sentronics Metrology GmbHM&ABackground
Nova sought to extend dimensional metrology for advanced-packaging applications.
Action taken
The company finalized its acquisition of German wafer-metrology sensor developer Sentronics Metrology for approximately US$60 million.
Aftermath
The deal added sensor and dimensional-metrology capabilities relevant to advanced packaging.
Acquisition value. Approximately US$60 million (Early 2025)
2022
Acquire ancosys GmbHM&ABackground
Nova aimed to strengthen chemical analysis and expand into back-end and advanced-packaging markets.
Action taken
The company acquired German chemical-analysis provider ancosys in an all-cash transaction valued at approximately US$100 million.
Aftermath
The acquisition expanded Nova’s chemical-metrology capabilities and its coverage of advanced-packaging applications.
Acquisition value. Approximately US$100 million (February 2022)
2021
Rebrand as Nova Ltd.StrategyBackground
The company had expanded beyond its earlier measuring-instruments identity into a broader process-control and metrology business.
Action taken
Nova Measuring Instruments adopted the corporate name Nova Ltd.
Aftermath
The rebranding aligned the corporate identity with a wider portfolio covering dimensional, materials and chemical metrology.
2015
Acquire Revera Inc.M&ABackground
Nova sought to broaden its materials-metrology and film-stack measurement capabilities.
Action taken
The company completed the acquisition of Revera, a U.S. developer of X-ray metrology solutions, for approximately US$46.5 million.
Aftermath
The transaction added X-ray metrology for complex film stacks to Nova’s portfolio.
Acquisition value. US$46.5 million (2015)
Recent events
- 2025
Nova completes acquisition of Sentronics Metrology[1]
M&A
Nova completed its acquisition of German wafer-metrology sensor developer Sentronics Metrology for approximately US$60 million, extending dimensional-metrology capabilities for advanced packaging.
- 2024
Nova reports 2024 revenue growth[1]
Other
Nova reported 2024 revenue of approximately US$672.4 million, up 30% from the previous year, and net income of approximately US$183.8 million, up 35% year over year.
- 2022
Nova acquires ancosys GmbH[1]
M&A
Nova acquired German chemical-analysis company ancosys in an all-cash transaction valued at approximately US$100 million, strengthening chemical metrology and advanced-packaging capabilities.
- 2021
Nova adopts the Nova Ltd. corporate name[1]
Other
The company rebranded from Nova Measuring Instruments to Nova Ltd. as it broadened its identity beyond its earlier measuring-instruments name.
- 2015
Nova acquires Revera to expand X-ray metrology capabilities[1]
M&A
Nova completed the acquisition of Revera Inc., a U.S. developer of X-ray metrology solutions for complex film-stack measurement, for approximately US$46.5 million.
Sources1 sources
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