Veeco Instruments Inc. (NASDAQ: VECO) is a leading supplier of process equipment for the semiconductor, data storage, wireless communications, power electronics and advanced packaging industries. The company designs, manufactures and services precision tools used to grow, deposit and etch thin films on substrates, enabling the fabrication of chips, light-emitting diodes (LEDs), micro-electromechanical systems (MEMS) and high-density storage devices. Veeco’s platforms are deployed across fabrication facilities worldwide, where they support key processes in materials science and device manufacturing.
Veeco’s product portfolio spans molecular beam epitaxy (MBE), metal organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), ion beam etch and deposition, and high-precision wet and dry etch systems. Its flagship MOCVD reactors are used in the production of LEDs and power electronics, while its MBE systems enable research and production of advanced semiconductor materials. Complementary to these core technologies, Veeco offers metrology and inspection tools that ensure process control and yield optimization in advanced node facilities.
Founded as a spin-off from Varian Associates in 1999, Veeco has grown through targeted acquisitions and continuous innovation. The company expanded its market reach with the addition of Ultratech’s lithography and packaging equipment in 2017, reinforcing its position in the advanced packaging segment. Veeco invests heavily in research and development to stay at the forefront of emerging applications, including compound semiconductors, gallium nitride (GaN) devices and 3D packaging technologies.
Headquartered in Plainview, New York, Veeco operates manufacturing, R&D and service facilities across North America, Europe and the Asia-Pacific region, with key centers in Taiwan, South Korea, China and Japan. The company is led by President and CEO John W. Peeler Jr., who joined Veeco in 2011 and was appointed CEO in 2016. Under his leadership, Veeco has emphasized operational excellence and customer collaboration to address evolving needs in high-growth markets such as electric vehicles, 5G communications and next-generation lighting.
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