Orbotech wins $24m Chinese flat panel deal

Orbotech CEO Asher Levi, photo: Eyal Yitzhar

The Israeli company's solutions chosen include multiple Automated Optical Inspection (AOI), Array Testing and Array Repair systems for use in the production of LCD TV displays.

Israeli AOI electronics company Orbotech Ltd. (Nasdaq: ORBK) has been awarded a $24 million order from Chinese flat panel display manufacturer Xianyang CaiHong Optoelectronics Technology Co. Ltd. (CHOT), which is part of China Electronics Corporation (CEC). The Orbotech solutions ordered are for phase I of CHOT's new Gen 8.6 fab in Xianyang and are designed to support the manufacture of a monthly capacity of 60,000 panels. The solutions chosen include multiple Automated Optical Inspection (AOI), Array Testing and Array Repair systems for use in the production of LCD TV displays.

"As the demand for LCD televisions grows, Orbotech continues to deliver advanced solutions that improve manufacturing process efficiencies and support the industry's increasingly complex technologies," said Edu Meytal, President of Orbotech Pacific Display. "We are honored to have been chosen by CHOT and believe that our solutions, based on our proven experience and advanced technology, will help them to rise to the forefront of the world's display technology leaders."

"We are very pleased with the intensified demand for our innovative display solutions, particularly over the trailing 12 months," said Gil Oron, Corporate Vice President and President of the FPD Division. "This increased demand for Orbotech's LCD and OLED solutions is testament to the advanced technology of our solutions and the close cooperation with our customers which enable us to develop accurate, reliable solutions for their current and future needs."

Published by Globes [online], Israel business news - www.globes-online.com - on June 1, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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Orbotech CEO Asher Levi, photo: Eyal Yitzhar
Orbotech CEO Asher Levi, photo: Eyal Yitzhar
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