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

By Vivian Nguyen

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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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.

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Artificial 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.

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Semiconductor

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.

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Cryptocurrency

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.

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