Veeco Instruments Inc

Veeco Instruments Inc. (Nasdaq: VECO) is a manufacturer of semiconductor process equipment. The company's technologies include laser annealing (Laser Spike Annealing and Nanosecond Annealing), ion beam deposition (IBD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean, and lithography systems. These technologies play integral roles in the fabrication and advanced packaging of semiconductor devices. Veeco serves four primary end markets: Semiconductor (front-end and advanced packaging), Compound Semiconductor (including silicon photonics, GaN power, and other photonics applications), Data Storage, and Scientific & Other. The company's products support critical trends including AI infrastructure buildout, high-performance computing, power efficiency, and advanced connectivity. Key product platforms include Lumina MOCVD for indium phosphide lasers, Propel single-wafer MOCVD for GaN power devices, WaferEtch and WaferStorm wet processing systems, and Spector ion beam deposition systems. Veeco has a pending merger with Axcelis Technologies and is actively expanding manufacturing capacity ahead of anticipated 2027 demand growth. The company estimates its total served available market at approximately $2.7 billion in 2026, growing to approximately $5.0 billion by 2030. Updated Aug 5, 2026