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) has announced an agreement with IBM to explore advanced packaging applications using Veeco's WaferStorm® Wet Processing System. The system will be installed at the Albany NanoTech Complex, where IBM and partners conduct R&D in advanced packaging and chiplet technologies.
The WaferStorm system enables important hybrid bonding cleaning processes with low defectivity thresholds at 40nm and 60nm. It features ImmJET multi-wafer immersion and high-pressure spray technology, allowing multiple processes on one flexible platform that can handle various wafer sizes and thicknesses.
This collaboration demonstrates Veeco's commitment to partnering with leading device manufacturers in critical emerging technologies, including cloud and AI innovation. The WaferStorm system is widely used in advanced packaging, MEMS, RF, data storage, and photonics markets due to its flexibility and low cost of ownership.
Veeco Instruments Inc. (NASDAQ: VECO) has announced its participation in several upcoming investor events throughout August and September 2024. These include:
- Oppenheimer's 27th Annual Technology, Internet & Communications Conference (August 13)
- Needham's 5th Annual Virtual Semiconductor & SemiCap 1x1 Conference (August 22)
- Jefferies Semiconductor, IT Hardware & Communications Technology Summit (August 27)
- Evercore ISI Semiconductor, IT Hardware & Networking Conference (August 28)
- Citi's 2024 Global Technology Conference (September 4)
- Benchmark's 2024 Tech/Media/Telecom Conference (September 4)
Veeco management will be available for one-on-one meetings with investors during these events. The company is a leading manufacturer of semiconductor process equipment, specializing in laser annealing, ion beam, CVD, MOCVD, single wafer etch & clean, and lithography technologies.
Veeco Instruments Inc. (Nasdaq: VECO) reported strong second quarter 2024 financial results, with revenue increasing to $175.9 million from $161.6 million in the same period last year. The company achieved a significant turnaround in profitability, posting a GAAP net income of $14.9 million ($0.25 per diluted share), compared to a net loss of $85.3 million in Q2 2023. Non-GAAP net income also improved to $25.4 million ($0.42 per diluted share).
Veeco's Semiconductor business, particularly its Laser Annealing systems, drove the solid performance. The company received follow-on orders for advanced logic and DRAM processes. For Q3 2024, Veeco projects revenue between $170-$190 million and non-GAAP EPS of $0.39-$0.49.
Veeco Instruments Inc. (NASDAQ: VECO) has announced it will release its second quarter 2024 financial results after market close on Tuesday, August 6, 2024. The company will host a conference call to discuss these results at 5:00 PM ET on the same day. Investors can join the call by dialing 1-877-407-8029 (toll-free) or 1-201-689-8029, or access a live webcast through Veeco's investor relations website.
Veeco is a leading manufacturer of semiconductor process equipment, specializing in laser annealing, ion beam, CVD, MOCVD, single wafer etch & clean, and lithography technologies. Their equipment plays a important role in fabricating and packaging advanced semiconductor devices, focusing on optimizing performance, yield, and cost of ownership.
Veeco Instruments Inc. (NASDAQ: VECO) has announced their participation in upcoming investor events, including conferences in May, June, and virtually in June 2024. Veeco is known for manufacturing semiconductor process equipment and offers technologies like laser annealing, CVD, MOCVD, and lithography.
Veeco Instruments Inc. (Nasdaq: VECO) reported strong financial results for the first quarter of 2024, with revenue reaching $174.5 million, GAAP net income of $21.9 million, and non-GAAP net income of $26.4 million. The company's CEO, Bill Miller, highlighted record quarterly Semiconductor revenue and a significant order for a multi-tool laser annealing system. Veeco provided guidance for the second quarter of 2024, expecting revenue between $165 million to $185 million and diluted earnings per share in the range of $0.22 to $0.33 for GAAP and $0.38 to $0.48 for non-GAAP.
Veeco Instruments Inc. announced that a leading edge semiconductor company has placed an order for multiple laser annealing systems to speed up the design and manufacturing of 2-nanometer gate-all-around logic semiconductor chips. The order includes LSA201™ Laser Spike Annealing Systems and an NSA500™ Nanosecond Annealing System, chosen for high volume production. These systems are important for next-generation gate-all-around logic device production, meeting demand in markets like artificial intelligence.
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