Welcome to our dedicated page for Veeco Instrs Del news (Ticker: VECO), a resource for investors and traders seeking the latest updates and insights on Veeco Instrs Del stock.
Veeco Instruments Inc. (NASDAQ: VECO) is a manufacturer of semiconductor process equipment whose technologies are frequently highlighted in industry and financial news. Company updates describe how its laser annealing, ion beam, MOCVD, single wafer etch & clean, lithography and CVD systems support the fabrication and packaging of advanced semiconductor devices across memory, power, optical and packaging applications.
News about Veeco often covers its participation in investor conferences, quarterly financial results and guidance, and major corporate developments. For example, Veeco issues press releases and Form 8-K filings when it reports quarterly earnings, posts investor presentations, or comments on regulatory changes that may affect its business, such as U.S. export control rules related to certain China-based customers.
Product- and customer-focused announcements are another key theme in VECO news. Recent releases describe evaluation shipments of laser spike annealing systems to leading semiconductor memory companies, orders for Propel®300 MOCVD systems for GaN-on-Si power devices, and multiple orders for wet processing and lithography platforms to support advanced packaging and silicon photonics at specialist foundries. Veeco also reports on orders for Lumina™ and Lumina+ MOCVD systems used in InP and As/P epitaxy for optical communications and compound semiconductor products.
Strategic and corporate actions feature prominently as well. Veeco and Axcelis Technologies announced a definitive all-stock merger agreement under which a wholly owned Axcelis subsidiary will merge with and into Veeco, with Veeco becoming a wholly owned subsidiary of Axcelis, subject to regulatory and shareholder approvals. Investors following VECO news can track these transaction updates alongside ongoing operational and product announcements.
This news page aggregates such releases and related coverage so readers can monitor Veeco’s financial disclosures, technology milestones, customer wins and merger-related developments in one place.
Veeco Instruments (NASDAQ: VECO) has announced its collaboration with A-Pro Semicon, which will utilize Veeco’s Propel™ HVM MOCVD system for developing GaN-based power and 5G RF semiconductor devices. A-Pro is expected to leverage this technology to enhance its position in the growing GaN power device market, projected to reach $1.2 billion by 2027. The Propel system is recognized for its operational efficiency and performance in high-volume production. This partnership reflects Veeco's strong market position and ongoing innovation in semiconductor manufacturing.
Veeco Instruments (NASDAQ: VECO) will announce its Q3 2020 financial results on October 27, 2020, after market close. A conference call will follow at 5:00 PM ET, where the management team will review the results. Interested participants can dial in at 1-800-437-2398 or access the live webcast via Veeco's investor relations page. A replay will be available post-call. This update comes as Veeco maintains its position in the semiconductor equipment sector, which is crucial for advanced device manufacturing.
Veeco Instruments Inc (NASDAQ: VECO) announced a collaboration with IHP Microelectronics in Frankfurt, Germany, selecting Veeco's TurboDisc® metal organic chemical vapor deposition (MOCVD) system to develop advanced silicon-based microelectronic technologies. This partnership highlights the TurboDisc platform's capability in supporting high-performance applications essential for wireless and broadband communications. The system offers faster production ramping, up to 50% quicker than traditional tools, and ensures uniform temperature profiles across wafers.
Veeco Instruments reported a strong second quarter for 2020, with revenues of $98.6 million, up from $97.8 million year-over-year. While the company experienced a GAAP net loss of $8.3 million or $0.17 per diluted share, it achieved a non-GAAP net income of $5.5 million, translating to $0.11 per diluted share. The CEO highlighted operational resilience during the pandemic, strong customer engagements, and a healthy backlog. Looking ahead, Veeco anticipates Q3 revenue between $100 million and $120 million, with non-GAAP EPS guidance of $0.10 to $0.26.
Veeco Instruments Inc. (NASDAQ: VECO) will announce its Q2 2020 financial results on August 3, 2020, following market closure. The company aims to provide insights during a conference call starting at 4:30 PM ET. Interested parties can join by calling 1-800-437-2398 or via a live webcast on Veeco's investor relations page. Veeco is recognized for its innovative semiconductor manufacturing equipment and holds a strong market position across various technologies. Forward-looking statements in the release mention risks and uncertainties that may affect future results.
Veeco Instruments Inc. (NASDAQ: VECO) announced participation in upcoming virtual events aimed at connecting with investors. Management will be available for one-on-one meetings during the Cowen and Company Technology, Media & Telecom Virtual Conference on May 28, 2020, and will present at the Stifel 2020 Virtual Cross Sector Insight Conference on June 9, 2020, at 8:40 AM ET. The presentation will be accessible via Veeco's investor relations page, with a replay available for two weeks. Veeco is a leader in semiconductor process equipment manufacturing.
Veeco Instruments announced a private offering of $125 million in 3.75% Convertible Senior Notes due 2027, exclusively for qualified institutional buyers. The offering includes a 30-day option for initial purchasers to buy an additional $18.75 million. Net proceeds are estimated at approximately $121.9 million, intended for general corporate purposes, with over $81 million allocated to repurchase existing convertible senior notes. The notes feature a conversion rate of 71.5372 shares per $1,000 principal, with interest payable semiannually starting December 1, 2020.
Veeco Instruments Inc. (NASDAQ: VECO) plans to offer $150 million in Convertible Senior Notes due 2027, targeting qualified institutional buyers. An additional $22.5 million may be purchased by initial buyers. Funds will be utilized to cover capped call transactions and repurchase existing 2.70% convertible senior notes due 2023. Conversions of the notes may be settled in cash, stock, or a combination. The notes are senior unsecured obligations, maturing on June 1, 2027, with specific conditions for early redemption.