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Veeco Instruments Inc. (NASDAQ: VECO) is a prominent player in the process equipment technology sector. As a global leader, Veeco specializes in manufacturing and developing advanced thin-film process equipment. The company's innovative solutions are essential in the production of a wide array of electronic devices including LEDs, flexible OLED displays, power electronics, compound semiconductors, hard drives, MEMS, and wireless chips.
Veeco's product offerings are primarily categorized into markets such as lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market is particularly significant, contributing to over half of the company's total revenue.
Recent achievements underscore Veeco's strategic growth and innovation. The company has reported strong financial results, surpassing their guidance for both top and bottom lines. Major milestones include the introduction of the IBD300 System for advanced node applications in the semiconductor market and the shipment of the first Nanosecond Annealing system to a Tier 1 logic customer.
Veeco's CEO, Bill Miller, Ph.D., has highlighted the company’s successful expansion into the semiconductor market, emphasizing the delivery of multi-tool laser annealing orders and significant gains in market share. The company continues to drive innovation in energy efficiency and consumer electronics while enhancing productivity and reducing the cost of ownership for its customers.
Veeco operates a robust global presence with dedicated sales and service organizations across Asia, Europe, and North America. This worldwide network ensures comprehensive support for its diverse customer base.
For more information on Veeco Instruments Inc., including detailed product offerings and service support, please visit www.veeco.com.
Veeco Instruments (NASDAQ: VECO) will announce its Q1 2022 financial results on May 9, 2022, after market close. A conference call will follow at 5:00 PM ET, where executives will discuss the financial outcomes. Interested parties can join the call at 1-888-220-8451 or via a live webcast on Veeco's investor relations website. A recording of the call will be available later that evening. As a manufacturer of semiconductor process equipment, Veeco's technologies are crucial in semiconductor device production.
Veeco Instruments Inc (NASDAQ: VECO) has secured a significant order for its WaferStorm Wet Processing Systems from a leading semiconductor manufacturer. This selection was driven by the systems' low cost of ownership and superior performance. The customer already utilizes Veeco’s LSA201 Laser Spike Annealing System and AP300 Lithography Systems. With the global advanced packaging market expected to grow at an 8% CAGR to reach $48.2 billion by 2026, Veeco's technologies aim to enhance efficiency and reduce operating costs for semiconductor fabrication.
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.
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