Veeco Instruments Inc (NASDAQ: VECO)

Veeco Instruments Inc., a Delaware corporation with the stock symbol VECO, operates in the advanced semiconductor process equipment industry. The company, established in 1989 and headquartered in Plainview, New York, provides solutions for challenging materials engineering problems through its comprehensive range of technologies. These technologies include ion beam, laser annealing, metal organic chemical vapor deposition (MOCVD), chemical vapor deposition (CVD), advanced packaging lithography, single wafer wet processing, molecular beam epitaxy (MBE), and atomic layer deposition (ALD). These technologies play a significant role in the fabrication of key devices that enable the fourth industrial revolution of interconnected devices.

Veeco's main business activities revolve around the production of a broad range of microelectronic components. The company operates in four primary end-markets: Semiconductor, Compound Semiconductor, Data Storage, and Scientific & Other. Veeco's products are used in the production of various devices such as logic, dynamic random-access memory (DRAM), photonics devices, power electronics, RF filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices.

Veeco generates revenue through the sale of its products, which are used in the production of microelectronic components across various markets. The company's Ion Beam Deposition (IBD) and Etch Systems are used to deposit and etch thin film layers for multiple applications in the Semiconductor, Data Storage, RF, and other emerging markets. These systems are critical in the production of devices such as power electronics, RF devices, specialty LED, display, and many other photonics applications. Veeco's MOCVD production systems are used to make GaN and As/P-based devices for applications including power electronics, RF devices, specialty LED, display, and many other photonics applications. The company's Advanced Packaging Lithography equipment is used in the Advanced Packaging market for applications such as Flip Chip, Fan-Out Wafer Level Packaging (FOWLP), and 3D stacking. Veeco's Single Wafer Wet Processing systems are used in advanced packaging applications in the Semiconductor market and RF filters and amplifiers in the Compound Semiconductor market.

Veeco's position within the industry is strengthened by its proprietary technology, which is protected by over 350 patents in the United States and other countries. The company's intellectual property is critical to its business, and Veeco relies on its patents and exclusive and non-exclusive licenses to patents owned by others to protect its technology and maintain its competitive advantage. Veeco's customers include many of the world's semiconductor IDMs and Foundries, OSAT, HDD, and photonics manufacturers, as well as research centers and universities.

Veeco's product and service brands include Ion Beam Deposition (IBD) and Etch Systems, MOCVD production systems, Advanced Packaging Lithography equipment, and Single Wafer Wet Processing systems. These brands are renowned for their role in the fabrication of key devices that enable the 4th industrial revolution of all things connected.