Exhibit 99.2
Team,
This is a very exciting day for Rudolph!
Moments ago, we announced that we have signed an agreement to merge with Nanometrics, a leading provider of metrology systems and analytics for the most advanced semiconductor manufacturing processes. Nanometrics is a leader in the OCD technology required for a growing number of critical measurements at the nanometer scale.
Founded in 1975, Nanometrics is headquartered in Milpitas, California. In 2018, their revenue was approximately $325 million, up 25% from 2017. This growth was a function of a rapidly expanding advanced memory market and significant market share gains. In addition to their success in the advanced memory market, many of you may already be familiar with Nanometrics for its metrology for thin film and OCD.
We believe our two highly complementary businesses are a natural fit. A combination with Nanometrics adds in leading-edgefront-end processes, which represent roughly 70% of Nanometrics’ revenue. It further diversifies our business by expanding our presence in the overall wafer fab equipment marketplace. Of course, we bring a diversified product portfolio of inspection, lithography, and complementary metrology, as well as a more diverse customer base that includes Advanced Packaging in the back end. Together, I believe we will be well aligned to every link in the semiconductor value chain — from wafer manufacturing through packaging. By leveraging our factory-wide software, we will strive to enable smarter manufacturing across the entire value chain.
We expect the combination of Rudolph and Nanometrics to create new opportunities for employees, who will benefit from being part of a company with greater resources, scale, and a broader portfolio of exciting technologies. Our companies’ respective product lines and channels to markets are complementary, and we believe that the combination will create opportunities for accelerated product development by allowing us to offer a broader product portfolio.
Today’s announcement is just the first step in the process of combining our companies. We will continue to operate as separate companies until the transaction closes. I know that this news can be distracting, but we have tremendous and transformative opportunities in front of us! All of our business units have exciting opportunities they are pursuing that will have both near- and long-term benefits to our company! For now, and until the transaction closes, it’s important to remain focused on doing the jobs you do so well — delivering the highest quality services our customers have come to expect from us.
Thank you for all of your continued hard work. We are thrilled with today’s news and look forward to embarking on Rudolph’s next chapter together. Further information can be found in the attached questions and announcement press release.
Quick Facts About Today’s News:
| • | | We look forward to discussing this exciting news with you in more detail during a special Town Hall Meeting. We will share the meeting details in a separate calendar invite. |