Veeco Announces Over $50 Million in Wet Processing System Orders Supporting Advanced Packaging for AI
Veeco Instruments Inc. (VECO)
Last veeco instruments inc. earnings: 2/13 04:05 pm
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Source: GlobeNewswire
PLAINVIEW, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced it’s received over $50 million of orders in 2024 for its WaferStorm® system for Advanced Packaging driven by AI. Scheduled deliveries for the most recent orders are extending into the first half of 2025. Veeco’s Wet Processing business is delivering year-over-year growth primarily driven by capacity expansions by a leading foundry, HBM manufacturer and OSAT’s to meet growing demand from AI. Based on recent order activity, Veeco expects growth in its Wet Processing business for AI in 2025. “We’re excited to see leading customers choose our wet processing technology for leading edge applications such as high-performance computing and high-bandwidth memory,” commented Adrian Devasahayam, Ph.D., Senior Vice President, Product Line Management. "Our wet processing systems are critical for the most advanced heterogenous and 3D packaging schemes primarily due to our proprietary ImmJET™
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VECO
News
- Veeco Instruments Inc. (NASDAQ: VECO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Veeco Instruments Inc. (NASDAQ: VECO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Earnings Beat: Veeco Instruments Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
- Veeco Instruments Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Veeco Instruments Inc. (NASDAQ: VECO) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $45.00 to $40.00. They now have an "outperform" rating on the stock.MarketBeat
VECO
Earnings
- 11/6/24 - Beat
VECO
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- VECO's page on the SEC website