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Veeco

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Veeco Instruments Inc.
Company typePublic (Nasdaq: VECO)
VECO
IndustrySemiconductors, Data Storage, Power Electronics, Wireless, Optical, MEMS
Founded1945
Headquarters
Plainview Edit this on Wikidata
,
United States Edit this on Wikidata
Key people
John Peeler, Chairman & CEO David Glass, CFO
Revenue$980 million (FY 2011)
Number of employees
Approx. 900
Website{www.veeco.com

}} Veeco's (NASDAQ: VECO) process equipment solutions enable the manufacture of LEDs, power electronics, hard drives, MEMS and wireless chips. Veeco is the market leader in MOCVD, MBE, Ion Beam and other advanced thin film process technologies. Veeco's high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow customers to maximize productivity and achieve lower cost of ownership.

Markets

LED & Solar

Veeco provides Process Equipment technologies primarily to manufacturers of high brightness LEDs[1].[2] The company offers a range of industry leading Metal Organic Chemical Vapor Deposition (MOCVD) equipment to ramp LED manufacturing to the highest yields and highest capital efficiency. Veeco's production-proven MOCVD technology helps to drive down the cost of LEDs and help spread LED technology into applications such as backlighting and general lighting. Veeco's TurboDisc® GaN MOCVD systems are designed to maximize throughput while lowering cost of ownership.

Power Electronics

To meet the growing demand for today's high-performance power electronics, Veeco offers a range of highly-efficient, proven manufacturing systems for [Nitride] on silicon (GaN-on-Si) production. Veeco's TurboDisc K465i™ and TurboDisc MaxBright® M™ systems enable flexibility and process productivity while offering a low cost of ownership.

Optical

Veeco helps to drive better performance in optical materials manufacturing with its line comprehensive line of ion beam etch and deposition sources, components and ion beam and [Beam Epitaxy] (MBE) systems. These systems drive optical innovation by delivering the highest quality optical films with the highest capital efficiency. Veeco's SPECTOR® platform of deposition systems enables greater precision and thin film process flexibility by offering multiple options in fixtures, target assemblies and an optical monitoring system.

Data Storage

Veeco is a key supplier to hard disk drive (HDD) manufacturers[3] for the production of thin film magnetic heads. Veeco's products enable higher areal density[4] - the amount of data that can be stored - and improve yield and uniformity. They supply both “front” and “back-end” technologies including:

• [Beam Etch] (IBE) and Ion Beam Deposition (IBD)

• Physical vapor deposition (PVD)

• Lapping and Dicing Equipment

Wireless

With the demand and market size for wireless devices increasing, Veeco helps to drive efficient, high volume production of compound semiconductor epi-wafers. Veeco's automated process equipment for Molecular Beam Epitaxy brings ultra-precision epitaxially grown wafers to expanding applications in the wireless market. Veeco's wireless technology brings innovation and low cost of ownership to production-scale compound semiconductor manufacturing. Their systems and evaporation sources enable traditional III-V and II-VI growth in addition to new materials for emerging technologies in wireless networks and optoelectronics.

Materials Science

Veeco offers a wide range of ultra-precise epitaxial sources, components and systems for materials science and research scientists. From traditional III-V materials science R&D, to solar, optical and wireless devices, Veeco offers materials science technologies and advanced support.

MEMS

Veeco's IBE and PVD technology enables [systems (MEMS)] and magnetic sensors to decrease form factor while increasing in capability. Veeco's systems offer improved accuracy to meet the critical challenges of next generation MEMS and sensor devices such as pressure sensors, accelerometers, gyroscopes, microphones and digital mirror displays. They enable precise, uniform films with material flexibility for R&D or high-volume production.

Solar

Veeco offers solar cell manufacturing solutions that allow customers to ramp to high-volume solar manufacturing using production systems for concentrated photovoltaics (CPV) and thermal deposition sources for CIGS. These technologies enable cell efficiency and manufacturing profitability. Veeco's MOCVD platform for CPV offers cost-per-watt performance that matches the economies of scale of existing power generation technologies such as coal, oil, and natural gas. This platform delivers low cost of ownership (CoO) and high efficiency.

History

Today's Veeco Instruments Inc. traces its history back to an earlier company which was incorporated in 1945 by two Manhattan Project scientists who created the helium leak detector. The Company's original name "Veeco" stood for Vacuum Electronic Equipment Company. In the 1960s, the original Veeco merged with Lambda, a manufacturer of power supplies, and in the late 1980s was purchased by a British company named Unitech.

In 1990, Edward H. Braun,[5] then COO of Veeco, and a group of senior company executives purchased Veeco's instrument business from Unitech in a management buy-out. The company again used the Veeco Instruments trade name and completed an initial public offering on the Nasdaq National Market in 1994 (NASDAQ: VECO) -- at the time Veeco's sales were approximately $30 million.

Since the management buy-out and IPO, Mr. Braun, as Chairman and Chief Executive Officer, has led the company through a transformation focused on supplying equipment to information age industries. Veeco has grown both through internal development and strategic acquisitions—the Company has completed over a dozen acquisitions to date.

In July 2007 Mr. Braun, aged 68, became Chairman of the Board of Veeco, with John R. Peeler, 52, joining the Company as Chief Executive Officer. Mr. Peeler was formerly President of JDSU’s (NASDAQ: JDSU) Communications Test and Measurement Division, its largest and most profitable business segment.

In October 2010, Veeco announced the sale of its metrology business to Bruker Corporation in a cash deal for $229.4 million.[6] Veeco is now solely focused on supplying process equipment to the LED, solar, data storage and wireless market.

In May 2012, Mr. Peeler became Chairman of the Board of Veeco.

Acquisitions

Veeco has completed over a dozen acquisitions since 1994.

Services/Support

Veeco's services business covers a wide range of offerings. Veeco Certified Equipment offers fully refurbished and tested pre-owned Veeco ion beam etch or deposition systems. The program provides a 12-month full-factory warranty on hardware and software, optional applications and training support packages.

References

  1. ^ http://finance.yahoo.com/news/ElecTech-Selects-Veeco-MOCVD-bw-2420411484.html?x=0&.v=1
  2. ^ http://nanotechwire.com/news.asp?nid=8523
  3. ^ http://www.earthtimes.org/articles/press/film-magnetic-head-manufacturers,1500564.html
  4. ^ http://www.nanowerk.com/news/newsid=16741.php
  5. ^ http://people.forbes.com/profile/edward-h-braun/24855
  6. ^ http://www.businesswire.com/news/home/20101007006871/en/Veeco-Completes-Sale-Metrology-Business-Bruker-Corporation
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