Onto Innovation Inc.
Onto Innovation Appoints Susan Lynch to Board of Directors
Summary
Onto Innovation Inc. announced on March 18, 2024, the election of Susan Lynch to its Board of Directors effective March 15, 2024. Lynch, a seasoned financial executive with over 30 years of experience in high-technology companies, notably served as CFO for V2X, Inc. (formerly Vectrus, Inc.) and has held similar roles at Sungard Availability Services, Hitachi Vantara, and Raytheon Technical Services. She is also a board member of Allegro MicroSystems, Inc. Lynch's appointment increases the Board size to nine members. As compensation, she will receive non-employee director compensation and an indemnification agreement. She will serve on the Audit and M&A Committees and has been recognized as an audit committee financial expert.
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About Onto Innovation Inc.
Onto Innovation Inc. is a leading company specializing in the development and provision of comprehensive metrology and inspection solutions for the semiconductor industry. Its primary function is to provide advanced analysis tools that ensure semiconductor manufacturers maintain high levels of quality and performance in their products. Onto Innovation's technology enables precise measurements and inspections, critical in the production of various electronic components including memory devices, logic chips, and power management systems. Notable for its cutting-edge technology, Onto Innovation’s systems are pivotal in the fabrication of nanoscale devices. The company serves a wide market including foundries, integrated device manufacturers (IDMs), and research institutions, impacting sectors such as consumer electronics, automotive, and telecommunications. With an ongoing evolution in electronics and the push for miniaturization, Onto Innovation plays a crucial role. In the financial market, Onto Innovation Inc. stands out as a key player in the semiconductor supply chain, known for its innovation and contributions to the emerging trends in semiconductor technology. Its market significance is underscored by its ability to adapt to the fast-paced advancements in the semiconductor industry, making it a critical enabler of future technological advancements.
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