To join the call, dial 1-877-407-8029 (toll free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco’s website at ir.veeco.com. A replay of the webcast will be made available on the 91制片厂website beginning at 8:00 PM ET that same evening.

About Veeco
91制片厂(NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, 91制片厂holds leading technology positions in the markets we serve. To learn more about Veeco鈥檚 systems and service offerings, visit www.veeco.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K for the year ended December 31, 2023 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. 91制片厂does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

91制片厂Contacts:
Investors: Anthony Pappone | (516) 500-8798 | apappone@veeco.com
Media: Kevin Long | (516) 714-3978 | klong@veeco.com

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91制片厂. (NASDAQ: VECO) today announced that Adeia Inc., a leading semiconductor R&D innovator, has chosen the WaferStorm庐 Wet Processing Systems for advanced packaging applications. The system was recently installed in Adeia鈥檚 San Jose, CA facility to enable key hybrid bonding cleaning processes for continued 2.5/3D package technology development.

鈥淲e are excited to partner with Veeco, a company that shares our vision for accelerating innovative technologies that improve worldwide connectivity,鈥� said Dr. Laura Mirkarimi, Sr. Vice President of Engineering at Adeia. 鈥淲ith the installation of this WaferStorm system, Adeia now has a high-pressure spray technology that offers low defectivity as we scale production of next-generation hybrid-bonded advanced packaging modules.鈥�

According to Yole Group, the advanced packaging market is expected to surpass $78 billion by 2028, growing at a CAGR of 10% from 2022 to 2028. Yole analysts note that the primary contributors to the market are flip-chip, 2.5D/3D, and silicon phosphide, which will account for over 90% of the market by 2028. The top three platforms experiencing the highest growth rates in this segment are ED, 2.5D/3D, and flip-chip.

鈥淲e are proud to collaborate with Dr. Mirkarimi and her team at Adeia, a world-class innovator in the semiconductor technology sector,鈥� commented Mathew Abraham, Vice President of Marketing for Veeco鈥檚 Wet Processing Product Line. 鈥淭he WaferStorm wet processing platform is uniquely qualified to take key process steps from development to high-volume manufacturing. Our wet processing systems enable next-generation advanced packaging in large part because of our proprietary ImmJET solvent technology, a combination of batch immersion and single wafer spray processing that delivers superior process capabilities and low cost of ownership for photoresist strip and temporary bonding removal applications. We look forward to partnering with Adeia to accelerate advanced packaging adoption in the markets they serve.鈥�

About Veeco
91制片厂(NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, 91制片厂holds leading technology positions in the markets we serve. To learn more about Veeco鈥檚 systems and service offerings, visit www.veeco.com.

About Adeia
Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia鈥檚 fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia鈥檚 IP portfolios power the connected devices that touch the lives of millions of people around the world every day as they live, work and play. For more, please visit www.adeia.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K for the year ended December 31, 2023 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. 91制片厂does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

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91制片厂Contact
Kevin Long (516) 714-3978 klong@veeco.com

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• Revenue of $173.9 million, compared with $153.8 million in the same period last year
• GAAP net income of $21.6 million, or $0.37 per diluted share, compared with $128.9 million, or $2.00 per diluted share in the same period last year
• Non-GAAP net income of $29.8 million, or $0.51 per diluted share, compared with $21.9 million, or $0.38 per diluted share in the same period last year

Fiscal Year 2023 Highlights:

• Revenue of $666.4 million, compared with $646.1 million in the same period last year
• GAAP net loss of $30.4 million, or $0.56 loss per diluted share, included a $97.1 million loss related to debt refinancing, compared with net income of $166.9 million, or $2.71 earnings per diluted share in the same period last year

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Plainview, N.Y., January 31, 2024 鈥� 91制片厂. (Nasdaq: VECO) announced today that it has shipped a GEN20-Q Molecular Beam Epitaxy (MBE) system to Hermes-Epitek, a semiconductor and opto-electronics client based in the Hsinchu Science Park in Taiwan. The GEN20-Q MBE system, a purpose-built, multi-chamber system designed for the growth of quantum devices, will be used for the epitaxial growth of superconductor and semiconductor materials, which exhibits excellent crystalline and superconducting properties. This process capability will further advance key device characteristics and enable the scaling from research development to high-volume production.

鈥淭his GEN20-Q system shipment represents Veeco鈥檚 continued contribution to revolutionizing quantum computing technologies,鈥� commented Matthew Marek, Senior Director of Marketing for Veeco鈥檚 MBE Group. 鈥淲e are proud that leading technology companies recognize the knowledge and process capabilities we have here to support quantum technologies with not only MBE platforms but also atomic layer deposition. These are essential technologies that will help drive industry progress. We look forward to continued innovations with partners like Hermes-Epitek.鈥�

Investment in quantum technologies has surpassed $30 billion with about 75 percent of that amount going to quantum computing hardware according to the Quantum Technologies 2023 report published by Yole Group.

Veeco鈥檚 GEN20-Q MBE system utilizes a tailored design to support research and production of multiple quantum computing techniques including superconductive materials, spintronics, and high-speed optical modulation. The system incorporates production design technology allowing direct scalability to Veeco鈥檚 multi-wafer high-volume manufacturing MBE systems. This system shipment exemplifies Veeco鈥檚 success in building a network of quantum computing partners aimed at advancing quantum technologies. 91制片厂is proud to be at the forefront of these exciting developments and is excited to continue working with its partners to drive the industry forward.

About Veeco
91制片厂(NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, 91制片厂holds leading technology positions in the markets we serve. To learn more about Veeco鈥檚 systems and service offerings, visit www.veeco.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K for the year ended December 31, 2022 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. 91制片厂does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

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91制片厂Contact
Kevin Long (516) 714-3978 klong@veeco.com

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聽91制片厂. (NASDAQ: VECO) today has updated its financial guidance for the fourth quarter of 2023 and provided an initial 2024 outlook.

Veeco鈥檚 management is scheduled to meet with investors and present at the 26th Annual Needham Growth Conference later today, where they will discuss Veeco鈥檚 updated 2023 guidance and provide an initial 2024 outlook. The presentation will be broadcast live at 11:45 AM ET and can be accessed on the investor relations section of Veeco’s website at聽.

We expect revenue for the fourth quarter of 2023 between $165 to $175 million, compared to our prior guidance of $155 to $175 million. Full year 2023 revenue is now expected in the range of $658 to $668 million. GAAP earnings per diluted share for the fourth quarter of 2023 is expected to be between $0.27 and $0.32, while Non-GAAP diluted EPS is expected between $0.40 to $0.45, compared to our prior guidance of $0.35 to $0.45⁽¹⁾. Full year 2023 GAAP diluted loss per share is expected in the range of $(0.70) to $(0.59), while Non-GAAP diluted earnings per share is expected in the range of $1.58 to $1.65⁽²⁾.

Our estimated and unaudited consolidated financial data is preliminary and was prepared by us in good faith based upon internal reporting for the three months and year ended December 31, 2023. Although we have not identified any unusual or unique events or trends that occurred during the period which might materially affect these estimates, actual results may still be outside of the ranges provided.

Veeco鈥檚 initial 2024 outlook for revenue is between $680 to $740 million and Non-GAAP earnings per diluted share between $1.60 to $1.90⁽³⁾.

About Veeco
91制片厂(NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, 91制片厂holds leading technology positions in the markets we serve. To learn more about Veeco鈥檚 systems and service offerings, visit聽.

Forward-looking Statements
This press release contains 鈥渇orward-looking statements鈥�, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended, that are based on management鈥檚 expectations, estimates, projections, and assumptions. Words such as 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥減lans,鈥� 鈥渂elieves,鈥� 鈥渟cheduled,鈥� 鈥渆stimates鈥� and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, our investment and growth strategies, our development of new products and technologies, our business outlook for current and future periods, our ongoing transformation initiative and the effects thereof on our operations and financial results; and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the level of demand for our products; global economic and industry conditions; global trade issues, including the ongoing trade disputes between the U.S. and China, and changes in trade and export license policies; our dependency on third-party suppliers and outsourcing partners; the timing of customer orders; our ability to develop, deliver and support new products and technologies; our ability to expand our current markets, increase market share and develop new markets; the concentrated nature of our customer base; our ability to obtain and protect intellectual property rights in key technologies; the effects of regional or global health epidemics, including the effects of the COVID-19 pandemic on the Company鈥檚 operations and on those of our customers and suppliers; our ability to achieve the objectives of operational and strategic initiatives and attract, motivate and retain key employees; the variability of results among products and end-markets, and our ability to accurately forecast future results, market conditions, and customer requirements; the impact of our indebtedness, including our convertible senior notes and our capped call transactions; and other risks and uncertainties described in our SEC filings on Forms 10-K, 10-Q and 8-K, and from time-to-time in our other SEC reports. All forward-looking statements speak only to management鈥檚 expectations, estimates, projections, and assumptions as of the date of this press release or, in the case of any document referenced herein or incorporated by reference, the date of that document. The Company does not undertake any obligation to update or publicly revise any forward-looking statements to reflect events, circumstances, or changes in expectations after the date of this press release.

GAAP to Non-GAAP Reconciliations

1. Excluded from Non-GAAP diluted EPS for the fourth quarter of 2023 are estimated share-based compensation expenses of $0.10 per share, and estimated amortization expense of $0.03 per share.
2. Excluded from Non-GAAP diluted EPS for the full year 2023 are loss on extinguishment of debt charges of $1.77 per share, estimated share-based compensation expenses of $0.52 per share, estimated amortization expense of $0.15 per share, while additional income tax expense of $0.17 is included in Non-GAAP diluted EPS.
3. GAAP earnings per diluted share for 2024 is expected between $1.10 and $1.40. Guidance regarding 2024 Non-GAAP earnings per diluted share excludes charges related to estimated share-based compensation expenses of $0.47 per share and amortization expense of $0.12 per share, while including additional estimated income tax expense of $0.09.

91制片厂Contacts:
Investors: Anthony Pappone | (516) 500-8798 |聽
Media: Kevin Long | (516) 714-3978 |聽

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91制片厂. (NASDAQ: VECO) announced today that it has shipped its first IBD300 Ion Beam Deposition (IBD) System to a Tier 1 memory customer for evaluation. With this product launch, 91制片厂introduces a differentiated deposition technology to the semiconductor industry that is expected to enable the industry鈥檚 roadmap. Compared to conventional sputter deposition technologies like Physical Vapor Deposition (PVD), Veeco鈥檚 IBD300 System has proven to achieve up to twenty percent lower film resistivity. The superior on-wafer performance is achieved by using unique ion beam deposition hardware and process parameters to control the grain orientation and grain size of the thin metal film. The lower resistivity enables memory manufacturers to continue to scale their devices to meet future performance requirements. 91制片厂is planning to ship a second system to another Tier 1 customer in the coming months and if these evaluations are successful, expects initial high volume manufacturing orders as early as late 2024 or 2025.

The enabling capability of Veeco鈥檚 IBD300 provides a significant opportunity to expand the company鈥檚 served available market into the deposition space in front-end Semi. Applications such as DRAM bitline and Logic wiring where low resistivity metals like tungsten, ruthenium and molybdenum are critical would benefit greatly from IBD.

鈥淭his new deposition system is the first of its kind for the Semi industry, and in particular for memory device production, that provides roadmap-accelerating capability for the industry,鈥� commented Adrian Devasahayam, Ph.D., Veeco鈥檚 Senior Vice President, Product Line Management. 鈥淒riven by demand for artificial intelligence, machine learning, high performance computing and data-driven workflows, the Semi industry is continuously looking at roadmap-enabling technologies. We have received feedback from top-tier customers that IBD technology addresses high-value problems and helps solve critical challenges that traditional sputtering technologies struggle to achieve.鈥�

About Veeco
91制片厂(NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, 91制片厂holds leading technology positions in the markets we serve. To learn more about Veeco鈥檚 systems and service offerings, visit www.veeco.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K for the year ended December 31, 2022 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. 91制片厂does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

91制片厂Contacts:
Investors: Anthony Pappone | (516) 500-8798 | apappone@veeco.com
Media: Kevin Long | (516) 714-3978 | klong@veeco.com

The post 91制片厂Ships First 300mm Ion Beam Deposition System to Tier 1 Memory Customer appeared first on Veeco.

• Revenue of $177.4 million, compared with $171.9 million in the same period last year
• GAAP net income of $24.6 million, or $0.42 per diluted share, compared with $15.0 million, or $0.27 per diluted share in the same period last year
• Non-GAAP net income of $31.0 million, or $0.53 per diluted share, compared with $26.0 million, or $0.45 per diluted share in the same period last year

Plainview, N.Y., November 6, 2023 — 91制片厂. (Nasdaq: VECO) today announced financial results for its third quarter ended September 30, 2023. Results are reported in accordance with U.S. generally accepted accounting principles (鈥淕AAP鈥�) and are also reported adjusting for certain items (鈥淣on-GAAP鈥�). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

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Plainview, N.Y., November 6, 2023 鈥� 91制片厂. (NASDAQ: VECO) announced it shipped its first NSA500 Nanosecond Annealing (NSA) System to a Tier 1 logic customer. With this product launch, 91制片厂solidifies its leadership in advanced laser annealing technology. The NSA500 is targeted at low thermal budget and material modification applications which are of increasing importance for advanced node and 3D applications. Compared to traditional annealing solutions, the NSA500 System is able to precisely anneal relevant surface layers without damaging the underlying device due to its nanosecond scale dwell time and high temperatures. 91制片厂is planning shipment of its second evaluation system to another Tier 1 customer within the next few months and sees potential for initial high-volume manufacturing orders in late 2024 or 2025.

The broad applicability of Veeco鈥檚 NSA500 system provides a significant opportunity to expand the company鈥檚 served available market to new applications. These include low thermal budget applications like Backside Power Delivery and Contact Annealing for advanced nodes and material modification applications such as void-removal, recrystallization and grain growth.

鈥淲e are excited to announce this next-generation annealing platform designed to meet high-volume semiconductor manufacturing requirements with great emphasis on superior performance, scalability, and productivity,鈥� commented Adrian Devasahayam, Ph.D., Veeco鈥檚 Senior Vice President Product Line Management. 鈥淏ased on customer feedback, our NSA system improves device performance and enables their product roadmaps. This new system complements our LSA laser annealing systems, and we are confident that our NSA system is uniquely positioned to address the toughest materials challenges in chip manufacturing.鈥�

About Veeco
91制片厂(NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, 91制片厂holds leading technology positions in the markets we serve. To learn more about Veeco鈥檚 systems and service offerings, visit www.veeco.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K for the year ended December 31, 2022 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. 91制片厂does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

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91制片厂Contacts:
Investors: Anthony Pappone | (516) 500-8798 | apappone@veeco.com
Media: Kevin Long | (516) 714-3978 | klong@veeco.com

The post 91制片厂Ships First Nanosecond Annealing System to a Tier 1 Logic Customer appeared first on Veeco.