Veeco Instruments-Who? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Veeco Instruments-Who?

VECO 28.75

-1.4%

Oct 31 9:30 AM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Sam	12/22/2015 5:20:34 PM
	of 3069

Veeco lands multiple orders from Asian chip foundry; shares rise Dec 22 2015, 17:06 ET \| About: Veeco Instruments Inc. (VECO) \| By: Eric Jhonsa, SA News Editor An unnamed "leading foundry in Asia" (TSMC?) has placed multiple orders for Veeco's (NASDAQ: VECO) WaferStorm system, which handles chip wafer processing for advanced packaging applications. SVP Herman Itzkowitz: "As the complexity of the packaging process increases, our differentiated technology enables customers to more tightly control the flux removal process [for chip packaging] resulting in higher yields ... In addition to securing business with a leading Asian foundry this quarter, we've also received initial system orders from an Asian [chip packaging/testing services] customer and believe that our process flexibility and expertise will enable us to expand the business in 2016." WaferStorm stems from Veeco's $150M late-2014 acquisition of chip equipment maker SSEC. Veeco is coming off a Q3 in which (thanks to soft LED equipment orders) its bookings fell to $52M from Q2's $124M. VECO +1.7% after hours to $22.00. seekingalpha.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next