Orbotech to increase its Israel-based production capacity by 20%
The company’s flat panel display division is set to relocate from San Jose to the Israeli city of Yavne
Meir Orbach | 09:43 24.06.2020
Nasdaq-listed Orbotech, which was acquired by American company KLA Tencor last year for $3.4 billion, is expected to increase its production capacity in Israel to roughly 90% of the company’s total manufacturing by the end of 2021, a person with knowledge of the move told Calcalist under condition of anonymity. The production increase is the result of the relocation of the company’s development and manufacturing lines for electronic testing of flat panel displays from San Jose, California to its plant in the Tel Aviv suburb of Yavne. The transition reflects a vote of confidence by KLA in Israel’s manufacturing capabilities and is expected to add tens of millions of dollars to Orbotech’s export volume. It is unclear whether the move will also result in an increase in the number of people Orbotech employs in Israel.