The faster production times and greater volumes helped drive costs down, and the steadily dropping prices of printed circuit boards provided still further stimulation for the development of the global electronics and computer industries.

[2] In 1983, a fellow Israeli company Orbot was founded by brothers Yochai and Kobi Richter,[3] Shimon Ullman, Zvi Lapidot and Ami Caspi; with the financial backing of Ormat Industries.

[5] In 1991, due to a slowdown in the global AOI market Optrotech and Orbot started discussing a merge of their complementary operations.

[8] In 1997, Orbotech acquired the AOI business of Germany's W. Schuh GmbH, a company that specialized in the production of assembled printed circuit board inspection equipment.

In 1999, Orbotect acquired Japan's KLA Acrotec from the KLA-Tencor Corporation, which enabled the company to develop a leading position in the LCD Inception market.

[15] In July 2014, Orbotech acquired British company SPTS Technologies, a manufacturer of equipment used to produce Micro ElectroMechanical Systems (MEMS) and semiconductor devices, for total consideration of $371 million.