Veeco Instrs Inc Del Stock Price, News & Analysis

Veeco Instruments (NASDAQ: VECO) announced significant orders for its Laser Annealing Systems from top semiconductor manufacturers, reinforcing its position in the market. A leading-edge customer is adopting the LSA101 and LSA201 systems as their primary manufacturing tools. This technology is essential for enhancing performance and yield in semiconductor devices. The company anticipates increased demand due to the growth in areas such as 5G and AI, supported by a new manufacturing facility in San Jose, designed to meet rising industry needs.

Veeco Instruments Inc. (Nasdaq: VECO) reported strong financial results for Q4 and FY 2021. Q4 revenues reached $153.0 million, up from $138.9 million in 2020. GAAP net income was $8.2 million ($0.15 per diluted share), contrasting with a net loss last year. For the full year, revenues surged to $583.3 million, with a GAAP net income of $26.0 million($0.49 per diluted share). Non-GAAP net income also increased notably. The company anticipates Q1 2022 revenues between $145 million and $165 million.

Veeco Instruments Inc. (NASDAQ: VECO) has received an order for its IBD-LDD Ion Beam Deposition System from a semiconductor mask blank supplier. This system addresses the increasing demand for extreme ultraviolet (EUV) mask blanks essential for advanced logic and memory chips. The IBD technology is recognized for its low defect density and is currently utilized by all major EUV mask blank manufacturers. Veeco's solid reputation in this area reinforces its leadership in semiconductor equipment technology.

Veeco Instruments (NASDAQ: VECO) announced a significant order for its Lumina Metal Organic Chemical Vapor Deposition (MOCVD) systems from a leading optoelectronic components manufacturer. This customer, already utilizing Veeco technologies, has validated the Lumina platform's superior performance with multiple follow-on orders for high-volume production aimed at advanced photonics applications. The Lumina system, built on over 20 years of MOCVD expertise, offers exceptional uniformity and low defectivity, allowing for customizable options for microLEDs, edge-emitting lasers, and VCSELs.

Veeco Instruments (NASDAQ: VECO) announced that a leading semiconductor supplier has qualified its WaferStorm Wet Processing System for advanced packaging applications, crucial for next-gen high bandwidth memory (HBM).

The customer also utilizes Veeco’s AP300 Lithography Systems for 5G system-on-a-chip and GPUs. According to Adrian Devasahayam, this qualification highlights Veeco’s superior wet processing technology that meets growing demands in high-performance computing.

WaferStorm’s ImmJET solvent technology promises enhanced process performance compared to traditional methods.

Veeco Instruments (NASDAQ: VECO) will announce its fourth quarter and full year 2021 financial results on February 16, 2022, after market close.

A conference call will begin at 5:00 PM ET that day, accessible via 1-888-220-8451 or 1-646-828-8193 (passcode: 9212833). The call will also be available via a live webcast on the investor relations section of Veeco's website. A replay will be available after 8:00 PM ET.

Veeco Instruments Inc. (NASDAQ: VECO) will present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 11:30 AM ET. The presentation will be accessible live on Veeco's investor relations webpage. A replay will be available for two weeks afterward. Management will also hold one-on-one meetings with investors during the event. Veeco specializes in semiconductor process equipment and offers technologies crucial for advanced semiconductor device fabrication. More information can be found on their official website.

Veeco Instruments Inc. (NASDAQ: VECO) announced a new senior secured revolving credit facility allowing borrowings of up to $150 million over five years, set to expire in December 2026. The facility enhances liquidity and financial flexibility, although there are currently no plans to draw from it. Interest rates will vary based on the company's secured net leverage ratio, with a yearly commitment fee for unused amounts. HSBC Bank USA acts as the administrative agent, joined by Barclays, Santander, Citibank, and Silicon Valley Bank as lenders.

Veeco Instruments Inc. (NASDAQ: VECO) has shipped its first LSA101 Laser Spike Annealing System from a new SEMI-compliant facility in San Jose, California, aimed at enhancing semiconductor manufacturing capabilities. This state-of-the-art facility boasts 70,000 square feet of manufacturing and lab space, nearly doubling previous capacity. The LSA101 system delivers high-temperature processing for semiconductor device scaling, addressing the growing demands of leading chip manufacturers. CEO Bill Miller highlighted this achievement as a significant milestone in the company's growth strategy.