Camtek (NASDAQ:CAMT) has announced a substantial new order worth $20 million from a leading tier-1 Outsourced Semiconductor Assembly & Test (OSAT) provider.

The order encompasses multiple systems designed for the inspection and metrology of Advanced Packaging applications, with delivery slated for the latter half of 2024.

Rafi Amit, CEO of Camtek, expressed confidence in the company's pivotal role within the industry, stating, "This significant order from a tier-1 OSAT underscores our leadership in providing inspection and metrology tools for various Advanced Packaging applications."

Amit also highlighted the order as a continuation of Camtek’s recent success, including orders for Chiplets and High Bandwidth Memory (HBM) applications.