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Profile: Veeco Instruments Inc (VECO.O)

VECO.O on Nasdaq

31.65USD
23 May 2017
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Veeco Instruments Inc., incorporated on August 8, 1989, is engaged in the design, development, manufacture, and support of thin film process equipment, primarily sold to make electronic devices. The Company's geographical segments include the United States; China; Europe, Middle East, and Africa (EMEA), and Rest of World (ROW). Its portfolio of technology solutions focus on market areas, including Lighting, Display & Power Electronics; Advanced Packaging, micro-electromechanical systems (MEMS) & radio frequency (RF); Scientific & Industrial, and Data Storage. The Company's equipment is used to make electronic devices, including light emitting diodes (LEDs), MEMS, wireless devices, power electronics, hard disk drives (HDDs) and semiconductor devices. Its products are sold to semiconductor and advanced packaging device manufacturers. It develops equipment for critical performance steps in thin film processing.

The Company's metal organic chemical vapor deposition (MOCVD) technology is at the core of the manufacturing process for Gallium Nitride (GaN)-based LEDs. Its MOCVD technologies are used in the manufacturing of GaN-on-Silicon based power electronic devices. These devices support many needs, including information technology (IT) servers, electrical motors, electric vehicles, wind turbines and photovoltaic power inverters. In addition to depositing the GaN layer with its MOCVD products, Its Precision Surface Processing (PSP) products address multiple etch and clean steps required to manufacture these advanced power electronics and LED devices. The Company's Advanced Packaging includes a portfolio of wafer-level assembly technologies. MEMS devices are used for various applications, including accelerometers for automobile airbags, pressure sensors for medical uses, and gyroscopes for a range of consumer products, such as gaming consoles and mobile devices.

The Data Storage market involves the storage of data in electromagnetic or other forms for use by a computer or other devices, including HDDs used in storage applications. The Scientific and Industrial markets include advanced materials research, and a range of manufacturing applications, including high-power fiber lasers, infrared detectors, optical coatings and extreme ultraviolet (EUV) photomasks blanks. Its Molecular Beam Epitaxy Systems (MBE) technology is also used in the manufacturing of products, such as high-power lasers and infrared sensors. Its tools create uniform Gallium-Arsenide (GaAs) or Indium-Phosphide (InPh) film layers. Its PSP products are also used to manufacture infrared sensors. Its Ion Beam Deposition (IBD) tools are used to produce optical films for multiple applications, including laser mirrors, optical filters and anti-reflective coatings. Its tools deposit thin layers of advanced materials on various substrates to alter how light is reflected and transmitted.

The Company's System products include MOVCD Systems, PSP Systems, Ion Beam Etch and Deposition Systems, MBE, and Other Deposition and Industrial Products. It is a supplier of MOCVD systems. MOCVD production systems are used to make GaN-based devices (such as blue and green LEDs) and Arsenic Phosphide (AsP)-based devices (such as red, orange and yellow (ROY) LEDs), which are used in television and computer display backlighting, general illumination, signage, specialty illumination, power electronics and other applications. It offers TurboDisc EPIK700 GaN MOCVD system. It offers TurboDisc K475i AsP MOCVD system. Its Propel PowerGaN MOCVD System (Propel) enables the development of GaN-based power electronic devices.

The Company's PSP systems offer single wafer wet etch, clean and surface preparation solutions. The WaferStorm platform is based on PSP's ImmJET technology. This platform focuses on solvent based cleaning applications. The WaferEtch platform provides uniform, selective etching with onboard end point detection for process control and yield in bumping applications. Its NEXUS IBD systems utilize ion beam technology to deposit layers of thin films. Its IBD systems deposit thin film layers and provide uniformity and repeatability. It also provides an array of ion beam sources. Its SPECTOR Ion Beam Sputtering system is used for coatings. It makes an array of deposition systems, including Physical Vapor Deposition, Diamond-Like Carbon Deposition and Chemical Vapor Deposition Systems. In addition, the Company's Optium products are used in back-end applications in data storage fabrication facilities, where thin film magnetic heads (TFMHs) or sliders are fabricated. It also manufactures tools that slice and dice wafers into row bars and TFMHs.

The Company competes with Aixtron, Advanced Micro-Fabrication Equipment (AMEC), Applied Materials, Canon Anelva, DCA Instruments, Grand Plastics Technology Corporation, Lam Research, Leybold Optics, Mantis Deposition Systems, MBE Komponenten, Oerlikon, Methode Electronics, Orbotech, Oxford Instruments, Riber, Scientech, Taiyo Nippon Sanso and Tang Optoelectronics Equipment Company (TOPEC).

Company Address

Veeco Instruments Inc

TERMINAL DRIVE
PLAINVIEW   NY   11803
P: +1516.6770200
F: +1516.7141200

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