Onto Innovation posts record $409.7 million Q3 revenue, up 88% year over year

Onto Innovation's revenue surge highlights the growing demand for AI-related semiconductor solutions, potentially driving future tech advancements. The post Onto Innovation posts record $409.7 million Q3 revenue, up 88% year over year appeared first on Crypto Briefing.
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Explained in this story
Revenue
The total money a company earns from selling goods or services before any costs are subtracted.
Revenue growth shows demand for a company's products; profit shows whether it earns money from them.
More about RevenueArtificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceSemiconductor
A material, usually silicon, used to make the chips that process and store information in electronic devices.
Chips power everything from phones to cars, so their supply has become a strategic issue for governments.
More about SemiconductorCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyMore in Finance
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