Veeco Acquires Epiluvac AB to Accelerate Penetration Into High Growth Silicon Carbide Epitaxy Equipment Market

PLAINVIEW, N.Y., Feb. 01, 2023 — Veeco Instruments Inc. (NASDAQ: VECO) today announced that on January 31, 2023, it acquired Epiluvac AB, a privately held manufacturer of chemical vapor deposition (CVD) epitaxy systems that enable advanced silicon carbide (SiC) applications in the electric vehicle market. Epiluvac, based in Sweden, was founded in 2013 by a highly experienced team in SiC. Epiluvac’s technology platform combined with Veeco’s global go-to-market capabilities create a significant long-term growth driver for Veeco. Th...
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Leading Research University Selects Veeco’s New Integrated Molecular Beam Epitaxy and Atomic Layer Deposition System for Hybrid Gallium Nitride Deposition Research

News | Oct 12, 2022 Justus Liebig University Giessen to Use the Dual Platform for Next Generation microLED and Photocatalysis Applications Plainview, N.Y. – Veeco Instruments Inc. (Nasdaq: VECO) announced today that it has received an order from Justus Liebig University Giessen (University of Giessen) for an integrated GENxplor® R&D Molecular Beam Epitaxy (MBE) and Fiji® Atomic Layer Deposition (ALD) system. The GENxplor MBE system enables the epitaxial growth of high-quality materials for III-nitride semico...
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Taiwan Semiconductor Research Institute Selects Veeco MOCVD System for Advanced R&D and Technology Collaboration for Power and RF Applications

Plainview, N.Y. — Veeco Instruments Inc. (NASDAQ: VECO) today announced that the Taiwan Semiconductor Research Institute, National Applied Research Laboratories (TSRI, Narlabs) has selected Veeco’s Propel® R&D Metal Organic Chemical Vapor Deposition (MOCVD) System for advanced development and collaboration related to gallium nitride (GaN)-based power and RF devices. The single wafer Propel platform is ideal for high volume manufacturing and 300mm capabilities, as well as R&D applications. This Propel R&D syst...
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Veeco’s Q3 Revenue Up 34% Year-on-Year to $150M

For third-quarter 2021, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA, revenue was $150.2m, up 3% on $146.3m last quarter and 34% on $112.1m a year ago (and towards the top end of the $135-155m guidance range), driven by record sales in its Semiconductor segment – due to shipments of laser annealing and EUV mask blank systems – and strong Data Storage segment revenue. Semiconductor (Front-End and Back-End, as well as EUV Mask Blank systems and Advanced Packaging) contributed a record $76m (51% of revenu...
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Veeco’s Q2 Revenue Up A More-than-expected 48% Year-On-Year To $146.3M

For second-quarter 2021, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $146.3m (exceeding the $125-145m guidance). This is up 9% on $133.7m last quarter (driven largely by 27% growth for Data Storage) and up 48% on $98.6m a year ago (due to growth in the Semiconductor, Compound Semiconductor and Data Storage segments). Data Storage contributed $52m (35% of total revenue), up 27% on $41m last quarter and 84% on $28m a year ago, driven by both capacity and technology additions by customers. Semico...
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Veeco Q3 Revenues Increase

Veeco Instruments has announced financial results for its third quarter ended September 30, 2020. Revenues were $112.1 million, compared with $109.0 million in the same period last year. GAAP net income was $0.6 million, or $0.01 per diluted share, compared with a loss of $11.8 million, or $0.25 loss per diluted share in the same period last year Non-GAAP net income was $11.0 million, or $0.22 per diluted share, compared with $2.6 million, or $0.05 per diluted share in the same period last year. “I am proud of the Veeco team for achieving another quarter of so...
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Osram Selects Veeco MOCVD System

Veeco Instruments has announced that Osram Opto Semiconductors has qualified Veeco's Lumina MOCVD System for production of high-end LEDs and to drive the next generation of advanced photonic devices. Being at the forefront of next generation advanced photonic technologies that require innovation and redefine the limits of the technology is at the core of Osram,” stated Lothar Mergili, COO of Osram Opto Semiconductors. “The Lumina system has proven to set new standards in terms of productivity that will meet and exceed market requirements. Veec...
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Veeco Posts Financial Results of 2Q20

Equipment supplier Veeco reported its business performance of the second quarter of 2020 with revenues of US$ 98.6 million. The company also reported GAAP net loss of $ 8.3 million and Non-GAAP net income of $ 5.5 million. Veeco said it has been executing well during the pandemic and all of its production sites have been operating at or near normal capacity in the second quarter. Its Scientific and Industrial market continues to perform well driven by sales to data storage customers. Sales in LED Lighting Display & Compound Semiconductor took 16% of its reven...
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Veeco Announces Board of Directors Changes and Business Growth in 1Q20

Veeco Instrument posted financial results for the first quarter of 2020 ended March 31, 2020 and announced the recent adjustment of its Board of Directors. The equipment supplier reported that its former CEO and Chairman, John Peelter has retired and is passing the role to Richard D’Amore, who has been a General Partner of North Bridge Venture Partners and served on the Veeco Board for years. Meanwhile, Mary Jane Raymond, CFO of II-VI Incorporated, joined Veeco’s Board of Directors. Veeco’s revenue for 1Q20 grew by 5.13% YoY...
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Veeco Resumes Operation and Updates 1Q20 Business Estimation; Lumileds Reports Price Increases

Affected by the ongoing COVID-19 pandemic, worldwide businesses continue to update their measures and business outlook in the past weeks. Veeco, who announced withdrawal of its 1Q20 business guidance, provided business update; while LED maker Lumileds reported price increase due to COVID-19. (Image: Pixabay) MOCVD equipment provider Veeco provided a business update related to COVID-19 and a preliminary estimate of first quarter 2020 revenue. The company withdrew its original guidance for the first quarter of 2020 ending March 31, 2020 due to the possible...
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COVID-19 Impacts: Veeco Withdraws Business Guidance for 1Q20; Velodyne Lidar Closes Offices

The COVID-19 coronavirus outbreaks across the world has forced the industry to take actions as impacts brought the epidemic continue to expand. In the U.S., equipment provider Veeco said that the epidemic is inevitably affecting its business for 1Q20 and thus withdrew its guidance for the first quarter. LiDAR maker Velodyne also noted that its offices in Bay Area, San Francisco are closed, following the mandatory “shelter-in-place” order in the area. (Image: Pixabay) Veeco said that it puts the health and well-being of its employees, customers, suppli...
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Veeco Posts Financial Results for Fiscal 4Q19 with Increased Revenue

Veeco announced financial results for the fourth quarter in 2019 and fiscal year 2019 ended December 31, 2019. For the 4Q19, the company registered a revenue of US$ 113 million, up by 14% YoY comparing to the revenue of US$ 99 million in 4Q18. Veeco also reports US$ 419 million for fiscal year 2019. Despite the revenue drop by 22% YoY, Veeco has lowered the net loss from US$ 407 million to US$ 78.7 million. Veeco marks 2019 as a transformational year with a return to profitability. The company reported improved gross margins which came to 40% and reduced expenses, ...
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VEECO Introduce MOCVD Systems for Mass Production of Advanced Photonics Devices Covering Micro LED and VCSEL

Veeco Instruments introduced the Lumina MOCVD platform, which incorporates its proprietary TurboDisc® reactor technology for film uniformity, yield and device performance for photonics applications. This new MOCVD platform, including the Lumina R480™ and Lumina R480S™ models, will accelerate the production of VCSEL, Edge-Emitting Laser (EEL) and Mini / Micro LED devices. The equipment provider brought its new products to Photonics West, starting February 4, in San Francisco. (Image: Veeco) According to Veeco, the new Lumin...
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Equipment Providers Report Financial Results with Quarterly Growth

Semiconductor equipment providers Veeco and K&S (Kulicke & Soffa) announced their financial results respectively. The two companies both reported business decline for the previous quarter. K&S revealed its fourth fiscal quarter of 2019 which ended September 28, 2019. The Company reported fourth quarter net revenue of US$139.8 million, net income of $6.4 million and non-GAAP net income of $9.3 million. The revenue and gross profit of K&S in fiscal 4Q19 have dropped by 24.3% and 23.8% compared to previous year. However, compared to previous quarter, bo...
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【SEMICON Taiwan】 Smart Applications Development with Advanced Optoelectronics including Micro LED to be the Focus

SEMICON Taiwan 2019, as a key event of the semiconductor industry, was held from September 18 to 20 at Taipei Nangang Exhibition Center in Taiwan. More than 700 exhibitors across the world participated in the show with focuses of smart applications, autonomous electric vehicles and more, attracting about 50,000 visitors to explore the latest technology development. During the show, LEDinside noted that several leading semiconductor equipment providers unveiled solutions and systems of Micro LED and Mini LED. The industry players are cooperating to build an eco-...
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VEECO 2Q19 Financial Results Revealed with Decrease in LED Product

US-based equipment provider VEECO reported its financial results of the second quarter of 2019. The company registered revenues of US$97.8 million, compared with US$157.8 million in 2Q18. VEECO said that its sales in the market of LED lighting, display and compound semiconductor were limited in the second quarter of 2019, taking 10% of the total revenue with US$ 9.69 million. However, VEECO underlined that it recently shipped an advanced MOCVD system to a leading compound semiconductor manufacturer who is piloting the system for ROY LEDs as well as ...
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Veeco Instruments Unveils the Keys of VCSEL Development and Current Market Trends

VCSEL applications including distance sensing, autofocus, 3D sensing and more have been increasing in recent year with rising demands of facial recognition technology in smartphones as well as ADAS technologies in driverless vehicles. To strengthen VCSEL development, not only chip producers but also equipment providers are improving their techniques to offer advanced technologies to achieve next generation applications. Veeco Instrument, the US-based semiconductor equipment manufacturer, is working on optimizing their MOCVD tools to leverage their technology, help...
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Epitaxy Wafer: The Fundamental Phase for Micro LED Display

In the latest report of LEDinside, titled “LEDinside 2019 Micro LED Next Generation Display Key Technology Report,” Micro LED technology not only features excellent performance in brightness and contrast that surpass OLED, its fast response time, low power consumption and reliability make it a perfect option for mobile and automotive applications. However, complicated production process which leads to low yield and high production cost has slowed down the commercial progress of Micro LED display. One of the challenges lies in the quality of Micr...
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Veeco Posts 1Q19 Financial Results with On-year Decline

Equipment provider Veeco Instruments announced financial results for its first quarter ended March 31, 2019. Veeco posted revenues of US$99.4 million, down by 37.33% compared to 1Q18. The company reported a net loss of US$18.5 million on GAAP base and a net loss of US$6.4 million on Non-GAAP base. The company has been challenged by China’s MOCVD equipment manufacturers since the fourth quarter of 2018. Its blue LED business in China had shrunk drastically after the 2Q18. Veeco said that it has been transforming its business structure, putting mo...
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Aledia Expands Veeco’s Thin Film Process Equipment for 3D Micro LED Development

Veeco Instruments announced today that Aledia, a developer and manufacturer of next-generation 3D LEDs for display applications, has expanded its portfolio of Veeco thin film process equipment to support the development and production of advanced 3D Micro LEDs. Aledia cited Veeco’s proven leadership in compound semiconductor applications, GaN-on-silicon growth performance, and capability to grow a full range of high-quality epitaxial films as key factors influencing its decision. “We have been impressed with the performance of Veeco’s Propel™ ...
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Commoditized LED MOCVD Market in China Leads to Veeco’s Revenue Drop in 4Q18

U.S.-based instrument manufacturer Veeco announced its financial results for the fourth quarter and fiscal 2018. For 4Q18, the company registered a revenue of US$99 million, which dropped by 29.1% YoY. Veeco also reported a GAAP net loss of US$144.7 million, in comparison with US$8.5 loss in 4Q17. The non-GAAP loss was US$7.5 million. According to the company, the declined revenue and profit in the fourth quarter of 2018 was due to "Commoditization of the MOCVD market for LEDs in China.” In 2Q18, the revenue from China accounted for 45...
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Micro LED Technology Progress Highlights in 2018 – Technology Breakthroughs

Having looked back at the industry updates of Micro LED technology, let’s keep on reviewing the technology breakthroughs of Micro LED in the past year. KAIST Team Develops Flexible Vertical Micro LED to Cure Hair loss Problem In January, a researcher team at KAIST announced the development of flexible vertical micro LEDs (f-VLEDs). These f-VLEDs achieved optical power density (30 mW/mm2) three times higher than that of lateral Micro LEDs and can be applied to optogenetics for controlling the behavior of neuron cells and brains with...
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Veeco and ALLOS to Showcase Breakthrough Achievements for 200 mm GaN-on Silicon Micro LED Solution at Japan IWN 2018

Veeco Instruments Inc. (Nasdaq: VECO) and ALLOS Semiconductors GmbH announced today the completion of another phase of their mutual effort to provide the industry with leading GaN-on-Silicon epiwafer technology for microLED production. The purpose of the companies’ most recent collaboration was to demonstrate the reproducibility of ALLOS’ 200 mm GaN-on-Si epiwafer technology on Veeco’s Propel® MOCVD reactor when producing epiwafers for many prominent global consumer electronics companies.
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Veeco and ALLOS Update Their Progress for 200mm GaN-on-Si Micro LED Production and Applications

Veeco Instruments and ALLOS Semiconductors have continued their collaboration in developing GaN-on-Si epitaxy wafer for Micro LED production. The two companies have partnered to demonstrate the reproducibility of ALLOS’ 200 mm GaN-on-Si epitaxy wafer technology on Veeco’s Propel® MOCVD reactor. “To bring Micro LED technology into production, simply presenting champion values for a single metric is insufficient. It is essential to achieve the whole set of specifications for each wafer with excellent repeatability and yield,” ...
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Veeco to Change Its Executive Leadership Team

MOCVD equipment provider Veeco has announced that the company will make a change in its executive leadership team. The current Chairman and CEO John Peeler will become Executive Chairman, and the current President, William J. Miller, will take the role of CEO and join the company’s board of directors. Moreover, Shubham (Sam) Maheshwari will be named COO while continuing his current role as CEO. 
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Highlights of the International Micro LED Display Conference - Section One

The “2018 International Micro LED Display Conference” was held by Taiwan Display Union Association (TDUA), at Touch Taiwan 2018 where a special booth for Micro LED/ Mini LED products solutions was set up.
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Veeco Reports Revenue Growth in 2Q18 and Expects Continuous Progress

Veeco Instrument released the financial results for its second quarter of 2018. Its revenue has grown by 40.64% YoY to US$ 157.8 million, with Non-GAAP operating income of US$ 11 million and EPS of US$ 0.15. With GAAP, the company had a net loss of US$ 237.6 million or US$ 5.02 loss per diluted share. 
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Edmund Optics Selects Ion Beam Sputtering System from Veeco

Edmund Optics, the U.S. based optical components supplier, has ordered the Spector Ion Beam Sputtering System from Veeco Instruments. The new capability will support Edmund Optics to expand portfolio of high quality laser optics for infrared, visible, and ultraviolet systems.
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Aledia Chooses Veeco’s Propel GaN MOCVD System for Large Wafer 3D LED Production

The semiconductor process equipment manufacturer, Veeco, released the information of Aledia’s selection on its product, Propel® GaN MOCVD system for Aledia’s further research and development on 3D LED application.
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Lumentum Selects Veeco's K475i MOCVD System for Next-Generation Applications Including 3D Sensing, High-Speed Fiber-Optic Communications and Laser-Based Materials Processing

Veeco Instruments Inc. (Nasdaq: VECO) announced that Lumentum Holdings Inc. has ordered the Veeco K475i™ Arsenide/Phosphide (As/P) Metal Organic Chemical Vapor Deposition (MOCVD) System for production of its advanced semiconductor components which address the 3D sensing, high-speed fiber-optic communications and laser-based materials processing end-markets. Lumentum, headquartered in Milpitas, Calif., is a leading manufacturer of innovative optical and photonics products.
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