and plasma etch products manufacturer OnWafer Technologies, temperature monitoring firm SensArray Corporation and process control and metrology company Therma-Wave Corporation. In 2008, the company acquired test and measurement company ICOS Vision Systems Corporation NV, and the Microelectronic Inspection Equipment (MIE) business unit of Vistec Semiconductor Systems, Inc. In 2010, KLA-Tencor acquired technology hardware company Ambios Technology, Inc. In 2014, the company acquired computational lithography and inspection company Luminescent Technologies, Inc. In 2017, the company acquired optical profiling and inspection company Zeta Technologies Co. Ltd. In 2018, KLA-Tencor acquired the Nano Indenter product line from Keysight Technologies. The company also acquired Nanomechanics Inc. and MicroVision. In March 2018, KLA-Tencor announced an agreement to acquire Yavne, Israel-based automated optical inspection equipment vendor Orbotech for approximately $3.4 billion. Orbotech also owned Newport, Wales, UK-based SPTS Technologies Ltd, a manufacturer of etch, PVD and CVD wafer processing equipment for the MEMS, advanced packaging, LED, high-speed RF, and power management devices. On January 10, 2019, KLA-Tencor announced that they were changing their name to KLA Corporation. In February, the company announced that its acquisition of Orbotech was complete. The company's name change took effect in July 2019. In June, KLA announced plans to open a second US headquarters in Ann Arbor, Michigan. The facility was scheduled to open in summer 2021, with plans to host 500-600 new hires, around 50% of whom were to be engineers. The facility would reportedly have a relationship with the University of Michigan and support automotive industry partnerships. In July 2021, the company introduced new inspection products for automotive chips. In November, KLA's new North American headquarters opened in Ann Arbor, Michigan. The facility is 230,000 square feet, and is designed to support 1,000 employees. Illegal stock options backdating On January 2008, KLA paid $65 million to settle allegations that the company and certain executives had illegally backdated stock option grants. The U.S. Securities and Exchange Commission stated that "KLA dramatically overstated its reported financial results, depriving investors of accurate information about the company's compensation costs and financial performance. It is especially troubling for a public company to engage in such misconduct even after being cautioned that these practices were impermissible." KLA Foundation KLA Foundation (originally KLA-Tencor Foundation) is the company's philanthropic arm, and was founded in 2000. KLA Foundation supports and benefits the global communities in which KLA employees live, such as donations to the Milpitas school district, the