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Veeco Instruments Inc. reports developments in semiconductor process equipment used in advanced device fabrication and packaging. The company designs, develops and manufactures laser annealing, ion beam, metal organic chemical vapor deposition (MOCVD), single-wafer etch and clean, lithography and related thin-film processing systems.
Recurring news includes customer equipment orders for Spector Ion Beam Deposition, Lumina MOCVD and WaferEtch Wet Processing systems, including applications in indium phosphide lasers, silicon photonics and optical transceivers for data-center communications. Updates also cover quarterly and annual financial results, management conference participation and other material corporate disclosures tied to orders, manufacturing demand and operating performance.
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.