Global Semiconductor IDM Qualifies Veeco Wet Processing Platform for Two New Applications in Advanced Packaging

Rhea-AI Summary

Veeco Instruments (NASDAQ: VECO) has achieved a significant milestone as a global Semiconductor IDM has qualified their WaferStorm® and WaferEtch® platform for two new advanced packaging applications. The customer has already placed initial orders in Q1.

The selection was based on three key advantages:

• Best-in-class process performance
• Unique processing capabilities
• Lower cost of ownership compared to competitors

This qualification represents important market expansion opportunities for Veeco's wet processing technology. The company specializes in manufacturing semiconductor process equipment, including laser annealing, ion beam, single wafer etch & clean, lithography, and MOCVD technologies. These solutions play a crucial role in fabricating and packaging advanced semiconductor devices.

Positive

• Qualification of WaferStorm and WaferEtch platform for two new applications in Advanced Packaging
• Secured initial orders in Q1 2025 from global Semiconductor IDM
• Platform demonstrates best-in-class process performance and lower cost of ownership
• Expansion of Served Available Market (SAM) opportunities with potential for additional customers

Negative

• None.

PLAINVIEW, N.Y., April 29, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced a global Semiconductor IDM qualified Veeco’s WaferStorm® and WaferEtch® platform for two new applications in Advanced Packaging. The customer also placed initial orders for these systems during the first quarter.

Veeco’s systems were chosen based on their best-in-class process performance, unique processing capabilities, and low cost of ownership advantages compared to other platforms. Both applications represent key Served Available Market expansion opportunities for Veeco’s WaferStorm® and WaferEtch® platform at other leading customers.

“Qualification of our platform was based on our best-in-class wet processing technology,” commented Adrian Devasahayam, Ph.D., Veeco’s Senior Vice President, Product Line Management. “Veeco has worked collaboratively with our customers for a number of years to enable high-performance and cost-effective solutions for their roadmaps. This win is a great example of the growing use cases for our wet processing technology for new applications critical to our Served Available Market expansion strategy.”

About Veeco
Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, single wafer etch & clean, lithography, and metal organic chemical vapor deposition (MOCVD) technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit www.veeco.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2024 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

Veeco Contacts:
Investors: Anthony Pappone | (516) 500-8798 | apappone@veeco.com
Media: Javier Banos | (516) 673-7328 | jbanos@veeco.com

FAQ

What new applications did Veeco (VECO) qualify for in semiconductor advanced packaging?

In Q1 2025, Veeco's WaferStorm and WaferEtch platform was qualified by a global Semiconductor IDM for two new advanced packaging applications, leading to initial system orders.

Why did customers choose Veeco's WaferStorm platform over competitors?

Customers selected Veeco's systems due to their best-in-class process performance, unique processing capabilities, and lower cost of ownership compared to other platforms.

How does the 2025 qualification expand Veeco's market opportunities?

The qualification represents key Served Available Market expansion opportunities for Veeco's WaferStorm and WaferEtch platform, potentially leading to adoption by other leading customers.

What semiconductor technologies does Veeco (VECO) specialize in?

Veeco specializes in laser annealing, ion beam, single wafer etch & clean, lithography, and metal organic chemical vapor deposition (MOCVD) technologies for semiconductor device fabrication and packaging.

What is Veeco's competitive advantage in wet processing technology?

Veeco offers best-in-class wet processing technology and collaborates with customers to develop high-performance, cost-effective solutions for their semiconductor manufacturing roadmaps.