Veeco Receives Multiple Lumina Systems Order from Leading Optical Communications Laser Manufacturer

Rhea-AI Summary

Veeco (NASDAQ: VECO) said on October 14, 2025 that a leading optical communications laser manufacturer ordered multiple Lumina MOCVD systems, naming Lumina as the customer’s production tool of record for InP epitaxy on 4-inch and 6-inch wafers.

The systems will fabricate InP lasers for datacom optical transceivers. Veeco highlighted TurboDisc technology, within-wafer and wafer-to-wafer uniformity, low defectivity, continuous long campaigns without reactor clean interruptions, and seamless wafer-size transition up to 6 inches.

Market context: Yole forecasts a 13% CAGR for datacom optical transceivers from $8.1B in 2024 to $14.7B in 2029, driven by AI intra-data-center demand.

Insights

Optoelectronics Market Analyst

Veeco wins a production order for multiple Lumina MOCVD systems, establishing the tool as tool-of-record for InP laser production.

Veeco sold multiple Lumina metal organic chemical vapor deposition systems to a leading optical communications laser manufacturer, who selected Lumina as its production tool of record for indium phosphide (InP) epitaxy on 4-inch and 6-inch wafers. The order directly ties Veeco's TurboDisc™ reactor technology to volume manufacturing of InP lasers, which are described as components for datacom optical transceivers used in AI-focused data centers.

The announcement rests on three factual pillars in the release: the customer order, the designation of Lumina as the production tool of record for 4-inch and 6-inch InP wafers, and an independent market forecast from Yole projecting a 13% CAGR from 2024 to 2029 (from $8.1B to $14.7B). Key operational strengths cited are within-wafer and wafer-to-wafer uniformity, batch-to-batch repeatability and the claim of long campaigns without reactor clean interruptions. These elements imply a focus on throughput and yield, but the release does not disclose order size, schedule, pricing, or revenue recognition terms.

Watch for concrete milestones tied to this order: equipment delivery, process qualification on the customer's production lines, and volume production status; none are dated in the disclosure. The Yole market projection gives a planning horizon to 2029 for demand growth. Given only the facts presented, this item signals a positive commercial development for Veeco's MOCVD franchise but lacks financial detail to quantify near-term revenue impact.

PLAINVIEW, N.Y., Oct. 14, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that a leading optical communications laser manufacturer placed an order for multiple Lumina™ metal organic chemical vapor deposition (MOCVD) systems. This order establishes Lumina™ as the customer’s production tool of record for indium phosphide (InP) epitaxy on both 4-inch and 6-inch wafers. The tools will be used to fabricate InP lasers for use in innovative optical communication solutions for the datacom industry.

“Veeco continues making inroads into the rapidly growing laser market for advanced optical transceivers, which enable fast communication between the advanced processors that run increasingly complex AI workloads at hyperscale data centers,” said Anil Vijayendran, Vice President of the MOCVD Product Line at Veeco. “The Lumina system’s exceptional within-wafer and wafer-to-wafer uniformities, batch-to-batch repeatability, and overall reliability and ease-of-use are once again making a material difference in the InP laser industry.”

Veeco’s industry-leading MOCVD TurboDisc™ technology is at the heart of the Lumina system. It features excellent uniformity and low defectivity over long campaigns with no need for interruptions to clean the reactor, providing exceptional throughput, yield and flexibility. Veeco’s proprietary technology also drives uniform injection and thermal control for excellent thickness and compositional uniformity. Providing a seamless wafer size transition, the Lumina can deposit high-quality InP epitaxial layers on wafers up to 6 inches in diameter.

According to Yole, the overall market for optical transceivers in the datacom industry is forecast to grow at a 13% CAGR from $8.1B in 2024 to $14.7B in 2029, fueled by the increase in AI intra-data center applications. As a key component of high-bandwidth optical transceivers, InP lasers are essential to meet the continually growing requirements of optical transceivers that will enable the growth of AI.

About Veeco

Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography 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:

Investor Relations: Alex Delacroix | (516) 528 1020 | adelacroix@veeco.com

Media: Brenden Wright | (410) 984-2610 | bwright@veeco.com

FAQ

What did Veeco (VECO) announce on October 14, 2025 about Lumina orders?

Veeco announced a customer order for multiple Lumina MOCVD systems, designated as the production tool of record for InP epitaxy on 4-inch and 6-inch wafers.

How will the ordered Lumina systems be used by the optical laser manufacturer?

The systems will fabricate indium phosphide (InP) lasers for optical transceivers used in datacom and AI intra-data-center applications.

What Veeco technologies did the company highlight in the October 14, 2025 release?

Veeco highlighted TurboDisc MOCVD technology, citing uniformity, low defectivity, continuous long campaigns without reactor cleans, and wafer-size flexibility up to 6 inches.

Does the announcement quantify the order value or timing for VECO?

No; the announcement specifies multiple system orders but does not disclose order value or delivery timing.

What market growth did Veeco cite that supports demand for InP lasers?

Veeco cited a Yole forecast of a 13% CAGR for datacom optical transceivers from $8.1B in 2024 to $14.7B in 2029, driven by AI intra-data-center demand.