KLA, which develops and manufactures control and measurement systems for the semiconductor market, announced its financial results for the fourth quarter and for the entire fiscal year 2021. The company, traded on the Nasdaq, adhered to analysts’ forecasts and reported a profit of $ 2.08 billion, an increase of 70% by 2020. .
The company also recorded revenue of $ 6.92 billion, an increase of approximately 20% compared to last year, with earnings per share of $ 13.37, fully diluted, on a GAAP basis. In addition, the Board of Directors approved a 17% increase in the amount of the dividend and an allocation of $ 2 billion to shareholders to repurchase shares.
KLA entered Israel in 1986 and in 2019 acquired the Israeli Orbotech, so that it currently operates in Israel at two sites: Migdal Haemek and Yavne. The company employs more than 1,500 workers in Israel, and is expected to recruit about 300 workers, in addition to the 300 workers it has recruited since the beginning of the year. In order to meet the significant increase in manpower, the company is going to increase its office volume by 1,500 square meters and the clean room areas, one of the most advanced in the world, by 2,500 square meters. The volume of exports of the company’s machines developed and manufactured in Israel exceeds $ 1 billion per year. KLA was recently accepted into the exclusive club of the Fortune 500.
“The global shortage of chips is hurting the production of new smartphones, TVs, vehicles or any other electronic product, and is affecting each and every one of us,” he says. Uri Tadmor, President of KLA Israel. “Therefore, as a company we feel committed to the global market and do everything possible to help release the plug created in the chip manufacturing process, in order to increase the work capacity and production capabilities of our customers.”
According to Gil and Solly, KLA’s CFO: “The company’s financial strength, as well as its impressive quarterly results, allow us to continue investing in human capital and research and development. “These investments will lead us to further scientific and technological breakthroughs in the future and help us maintain KLA’s position as a leader in the semiconductor market, which is expected to cross the $ 520 billion mark in annual sales terms.”
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