Profile: Veeco Instruments Inc (VECO.O)

VECO.O on Nasdaq

34.99USD
11 Jul 2014
Price Change (% chg)

$-0.25 (-0.71%)
Prev Close
$35.24
Open
$35.12
Day's High
$35.58
Day's Low
$34.53
Volume
152,032
Avg. Vol
550,805
52-wk High
$44.39
52-wk Low
$28.23

Search Stocks

Veeco Instruments Inc. (Veeco) designs, manufactures and markets equipment to make light emitting diodes (LEDs), hard-disk drives, as well as for emerging applications such as concentrator photovoltaics, power semiconductors, wireless components, microelectromechanical systems (MEMS), and other next-generation devices. The Company operates in two segments: Light Emitting Diode (LED) and Solar and Data Storage. In the LED & Solar segment, it designs and manufactures metal organic chemical vapor deposition (MOCVD) systems, molecular beam epitaxy (MBE) systems and components sold to manufacturers of LEDs, wireless devices, power semiconductors, and concentrator photovoltaics, as well as to research and development (R&D) applications. In the Data Storage segment, it designs and manufactures the critical technologies used to create thin film magnetic heads (TFMHs) that read and write data on hard disk drives. These technologies include ion beam etch (IBE), ion beam deposition (IBD), diamond-like carbon (DLC), physical vapor deposition (PVD), chemical vapor deposition (CVD), and slicing, dicing and lapping systems. In October 2013, the Company acquired Synos Technology, Inc.

LED & Solar Business

The Company is a supplier of equipment solutions used to create high brightness LEDs and solar cells. MOCVD and MBE technologies are used to grow compound semiconductor materials, such as gallium arsenide (GaAs), gallium nitride (GaN), arsenic phosphide (As/P) and indium phosphide (InP) at the atomic scale. MOCVD production systems are used to make GaN-based devices (green and blue HB LEDs) and As/P-based devices (red, orange, and yellow HB LEDs), which are used in television and laptop backlighting, general illumination, large area signage, specialty illumination and many other applications. Its As/P MOCVD Systems also are used to make concentrator photovoltaics. MBE is the process of precisely depositing epitaxially aligned atomically thin crystal layers, or epilayers, of elemental materials onto a substrate in an ultra-high vacuum environment. The Company provides MBE systems and components for the production of wireless devices (power amplifiers, high electron mobility transistors or hetero-junction bipolar transistors (pHEMTS and HBTs)) and a range of compound semiconductor materials research applications.

Data storage process equipment

Data storage process equipment includes ion beam deposition (IBD) systems, ion beam etch (IBE) systems, physical vapor deposition (PVD) systems, diamond-like carbon (DLC) deposition systems, chemical vapor deposition (CVD) systems and precision lapping, slicing and dicing systems. The Company’s NEXUS IBD systems utilize ion beam technology to deposit precise layers of thin films and may be included on its cluster system platform to allow either parallel or sequential etch/deposition processes. IBD systems deposit high purity thin film layers and provide uniformity and repeatability. In addition to IBD systems, the Company provides a range of ion beam sources.

The Company’s NEXUS IBE systems, which etch precise, features for use primarily by data storage and telecommunications device manufacturers in the fabrication of discrete and integrated microelectronic devices. The Company’s NEXUS PVD systems offer manufacturers a deposition platform for developing data storage applications. The Company’s DLC deposition systems deposit protective coatings on advanced thin film magnetic heads (TFMHs). The Company’s NEXUS CVD systems deposit conformal films for advanced TFMH applications. The Company’s Optium products are used in back-end applications in a data storage fab, where TFMHs or sliders are fabricated. This equipment includes lapping tools, which enable precise material removal within three nanometers. The Company also manufactures instruments that slice and dice wafers into rowbars and TFMHs.

The Company competes with Aixtron, Applied Materials, Canon Anelva Corporation, DCA Instruments, Leybold Optics, Oerlikon Balzers, Oxford Instruments, Toyo Nippon Sanso and Riber.

Company Address

Veeco Instruments Inc

TERMINAL DRIVE
PLAINVIEW   NY   11803
P: +1516.6770200
F: +1302.6365454

Search Stocks