Welcome to our dedicated page for Veeco Instrs Del news (Ticker: VECO), a resource for investors and traders seeking the latest updates and insights on Veeco Instrs Del stock.
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 present at the Needham Virtual Growth Conference on January 12, 2021, at 5:00 PM ET. The presentation can be accessed live via the investor relations section of Veeco's website. A replay of the webcast will be available for at least two weeks after the event.
Veeco specializes in manufacturing semiconductor process equipment, employing advanced technologies like ion beam and MOCVD to enhance performance and yield in semiconductor device fabrication. For more information, visit www.veeco.com.
Veeco Instruments (NASDAQ: VECO) has been selected by Transphorm, Inc. (OTCQB: TGAN) to provide its Propel™ HVM MOCVD System for high-volume production of GaN-based Epiwafers, aimed at advancing RF and power electronics. The contract, funded by the US DoD Office of Naval Research, highlights Veeco's cost-effective and high-throughput capabilities, crucial for next-gen 5G and power devices. The Propel system's unique features promise enhanced manufacturing efficiency and output consistency, reinforcing Veeco's position in the semiconductor market.
Veeco Instruments has announced a privately negotiated exchange to retire $125 million of its 2.70% Convertible Senior Notes due 2023, issuing $132.5 million of new 3.50% Convertible Senior Exchange Notes due 2025. The New Notes will have a conversion rate reflecting a 58.6% premium over the stock price as of November 11, 2020. The transaction is expected to close around November 17, 2020. The New Notes can be converted into shares or cash, and involve a cash repurchase option upon specific events.
Veeco Instruments (NASDAQ: VECO) will participate in several upcoming virtual investor events. Notable engagements include the Benchmark Company Technology Virtual One-on-One Investor Conference on November 12, 2020, and the Wells Fargo Virtual TMT Summit on December 1, 2020, featuring a fireside chat at 4:00 PM ET. Additionally, Veeco will join the Barclays Conference on December 9, 2020, and the DA Davidson Conference on December 15, 2020. The 12th Annual CEO Summit will take place on December 16, 2020, with invitation-only attendance for accredited investors.
Veeco Instruments has announced the qualification of its Lumina MOCVD System by OSRAM Opto Semiconductors, enhancing production capabilities for high-end LEDs and advanced photonic devices. This recognition highlights Lumina's productivity and performance, built on over 20 years of expertise in MOCVD technology. The system offers excellent uniformity and low defectivity, enabling users to produce high-quality epitaxial layers efficiently. This partnership reinforces Veeco's position in the semiconductor process equipment market.
Veeco Instruments reported a strong third quarter for 2020 with revenues of $112.1 million, rising from $109.0 million year-over-year. The company achieved a GAAP net income of $0.6 million, a significant recovery from a loss of $11.8 million in Q3 2019. Non-GAAP net income saw a notable increase to $11.0 million, compared to $2.6 million the previous year. Looking ahead, Veeco expects Q4 revenues between $120 million and $135 million, with GAAP EPS projected at $0.02 to $0.17 and Non-GAAP EPS at $0.22 to $0.37.
Veeco Instruments (NASDAQ: VECO) announced that Aledia has selected its Propel 300 HVM metal organic chemical vapor deposition (MOCVD) system for microLED displays. This choice stems from the system's superior productivity and low defectivity. The Propel system features a SEMI-compliant Equipment Front End Module (EFEM) and is capable of high-volume production. MicroLED technology, expected to surge from 74,000 wafers in 2021 to over 5 million by 2024, aligns with rising demands for advanced display applications. Veeco aims to support innovation in the sector with this advanced tool.
Veeco Instruments (NASDAQ: VECO) has announced its collaboration with A-Pro Semicon, which will utilize Veeco’s Propel™ HVM MOCVD system for developing GaN-based power and 5G RF semiconductor devices. A-Pro is expected to leverage this technology to enhance its position in the growing GaN power device market, projected to reach $1.2 billion by 2027. The Propel system is recognized for its operational efficiency and performance in high-volume production. This partnership reflects Veeco's strong market position and ongoing innovation in semiconductor manufacturing.
Veeco Instruments (NASDAQ: VECO) will announce its Q3 2020 financial results on October 27, 2020, after market close. A conference call will follow at 5:00 PM ET, where the management team will review the results. Interested participants can dial in at 1-800-437-2398 or access the live webcast via Veeco's investor relations page. A replay will be available post-call. This update comes as Veeco maintains its position in the semiconductor equipment sector, which is crucial for advanced device manufacturing.
Veeco Instruments Inc (NASDAQ: VECO) announced a collaboration with IHP Microelectronics in Frankfurt, Germany, selecting Veeco's TurboDisc® metal organic chemical vapor deposition (MOCVD) system to develop advanced silicon-based microelectronic technologies. This partnership highlights the TurboDisc platform's capability in supporting high-performance applications essential for wireless and broadband communications. The system offers faster production ramping, up to 50% quicker than traditional tools, and ensures uniform temperature profiles across wafers.
FAQ
What is the current stock price of Veeco Instrs Del (VECO)?
What is the market cap of Veeco Instrs Del (VECO)?
What does Veeco Instruments Inc. specialize in?
Which markets does Veeco serve?
What recent innovations has Veeco introduced?
How does Veeco support its global customer base?
What is the significance of the lighting, display, and power electronics market for Veeco?
Who is the CEO of Veeco Instruments Inc.?
What are some of the key products of Veeco?
How has Veeco performed financially in recent quarters?
How does Veeco contribute to innovation in electronics?
Where can I find more information about Veeco Instruments Inc.?
