Veeco Instruments Inc

Veeco Instruments Inc. (Nasdaq: VECO) manufactures semiconductor process equipment used in the fabrication and packaging of advanced semiconductor devices. Its technologies include laser annealing (Laser Spike Annealing and Nanosecond Annealing), ion beam deposition (including IBD300 for front-end semiconductor and IBD for EUV mask blanks and pellicles), metal organic chemical vapor deposition (Lumina MOCVD for indium phosphide lasers, MicroLED and solar; Propel single-wafer MOCVD for GaN power and GaN-on-Si MicroLED), single wafer etch and clean (WaferEtch and WaferStorm), and lithography for advanced packaging. It also sells services. Veeco reports revenue across four end markets: Semiconductor (about 65% of Q3 2026 sales), Compound Semiconductor, Data Storage, and Scientific & Other. Demand is increasingly tied to AI infrastructure, including leading-edge logic and memory, advanced packaging, and silicon photonics for optical connectivity. Customers are concentrated in Asia Pacific, the United States and China. The company has a pending merger with Axcelis, subject to closing conditions including Chinese regulatory approval. It carries $230 million of 2.875% convertible senior notes due 2029. Updated Nov 4, 2026