Veeco
Encyclopedia
Veeco makes equipment to develop and manufacture LEDs
, solar cells, hard disk drives, and other devices. The company supports customers through product development, manufacturing, sales and service sites in the U.S., Korea
, Taiwan
, China
, Singapore
, Japan
, Europe
as well as other locations.
Veeco provides Process Equipment technologies primarily to manufacturers of high brightness LEDs and solar cells.
• Metal Organic Chemical Vapor Deposition (MOCVD) for LEDs and CPV solar cells
• Thermal deposition sources for CIGS (Copper, Indium, Gallium, Selenium) solar cells
• Molecular Beam Epitaxy (MBE) products which include systems and components. MBE has broad applications from power amplifiers to scientific research.
Data Storage Process Equipment
Veeco is a key supplier to hard disk drive (HDD) manufacturers for the production of thin film magnetic heads. Their products enable higher areal density - the amount of data
that can be stored - and improve yield and uniformity. They supply both “front” and “back-end” technologies including:
• Ion Beam Etch (IBE) and Ion Beam Deposition
(IBD)
• Physical vapor deposition
(PVD)
• Lapping and Dicing Equipment
Project scientists who created the helium leak detector. The Company's original name "Veeco" stood for Vacuum
Electronic
Equipment Company. In the 1960s, the original Veeco merged with Lambda
, a manufacturer of power supplies, and in the late 1980s was purchased by a British company named Unitech
.
In 1990, Edward H. Braun, then COO of Veeco, and a group of senior company executives purchased Veeco's instrument business from Unitech in a management buy-out. The company again used the Veeco Instruments trade name and completed an initial public offering on the Nasdaq National Market in 1994 (NASDAQ: VECO) -- at the time Veeco's sales were approximately $30 million.
Since the management buy-out and IPO, Mr. Braun, as Chairman and Chief Executive Officer
, has led the company through a transformation focused on supplying equipment to information age industries. Veeco has grown both through internal development and strategic acquisitions—the Company has completed over a dozen acquisitions to date.
In July 2007 Mr. Braun, aged 68, became Chairman of the Board of Veeco, with John R. Peeler, 52, joining the Company as Chief Executive Officer
. Mr. Peeler was formerly President of JDSU’s (NASDAQ: JDSU) Communications Test and Measurement Division, its largest and most profitable business segment.
In October 2010, Veeco announced the sale of its metrology business to Bruker Corporation in a cash deal for $229.4 million. Veeco is now solely focused on supplying process equipment to the LED, solar, data storage and wireless market.
LEDS
LEDS can be initials for:* Law Enforcement Data System* Link Eleven Display System* Low Energy Dislocation Structure* Land Electronic Defence System * LEDs * Life-Events and Difficulties Schedule...
, solar cells, hard disk drives, and other devices. The company supports customers through product development, manufacturing, sales and service sites in the U.S., Korea
Korea
Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...
, Taiwan
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
, Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
as well as other locations.
Markets Served
LED & Solar Process EquipmentVeeco provides Process Equipment technologies primarily to manufacturers of high brightness LEDs and solar cells.
• Metal Organic Chemical Vapor Deposition (MOCVD) for LEDs and CPV solar cells
• Thermal deposition sources for CIGS (Copper, Indium, Gallium, Selenium) solar cells
• Molecular Beam Epitaxy (MBE) products which include systems and components. MBE has broad applications from power amplifiers to scientific research.
Data Storage Process Equipment
Veeco is a key supplier to hard disk drive (HDD) manufacturers for the production of thin film magnetic heads. Their products enable higher areal density - the amount of data
Data
The term data refers to qualitative or quantitative attributes of a variable or set of variables. Data are typically the results of measurements and can be the basis of graphs, images, or observations of a set of variables. Data are often viewed as the lowest level of abstraction from which...
that can be stored - and improve yield and uniformity. They supply both “front” and “back-end” technologies including:
• Ion Beam Etch (IBE) and Ion Beam Deposition
Ion beam deposition
Ion Beam Deposition is a process of applying materials to a target through the application of an ion beam.thumb|Ion beam deposition setup with mass separator...
(IBD)
• Physical vapor deposition
Physical vapor deposition
Physical vapor deposition is a variety of vacuum deposition and is a general term used to describe any of a variety of methods to deposit thin films by the condensation of a vaporized form of the desired film material onto various workpiece surfaces...
(PVD)
• Lapping and Dicing Equipment
History
Today's Veeco Instruments Inc. traces its history back to an earlier company which was incorporated in 1945 by two ManhattanManhattan
Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...
Project scientists who created the helium leak detector. The Company's original name "Veeco" stood for Vacuum
Vacuum
In everyday usage, vacuum is a volume of space that is essentially empty of matter, such that its gaseous pressure is much less than atmospheric pressure. The word comes from the Latin term for "empty". A perfect vacuum would be one with no particles in it at all, which is impossible to achieve in...
Electronic
Electronics
Electronics is the branch of science, engineering and technology that deals with electrical circuits involving active electrical components such as vacuum tubes, transistors, diodes and integrated circuits, and associated passive interconnection technologies...
Equipment Company. In the 1960s, the original Veeco merged with Lambda
Lambda
Lambda is the 11th letter of the Greek alphabet. In the system of Greek numerals lambda has a value of 30. Lambda is related to the Phoenician letter Lamed . Letters in other alphabets that stemmed from lambda include the Roman L and the Cyrillic letter El...
, a manufacturer of power supplies, and in the late 1980s was purchased by a British company named Unitech
Unitech
Unitech may refer to:*Unitech Group, real estate developer based in Delhi, India*Papua New Guinea University of Technology*UNITECH International Society*2006 Unitech Cup*Infogix, Inc. formerly known as Unitech Systems, Inc....
.
In 1990, Edward H. Braun, then COO of Veeco, and a group of senior company executives purchased Veeco's instrument business from Unitech in a management buy-out. The company again used the Veeco Instruments trade name and completed an initial public offering on the Nasdaq National Market in 1994 (NASDAQ: VECO) -- at the time Veeco's sales were approximately $30 million.
Since the management buy-out and IPO, Mr. Braun, as Chairman and Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
, has led the company through a transformation focused on supplying equipment to information age industries. Veeco has grown both through internal development and strategic acquisitions—the Company has completed over a dozen acquisitions to date.
In July 2007 Mr. Braun, aged 68, became Chairman of the Board of Veeco, with John R. Peeler, 52, joining the Company as Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
. Mr. Peeler was formerly President of JDSU’s (NASDAQ: JDSU) Communications Test and Measurement Division, its largest and most profitable business segment.
In October 2010, Veeco announced the sale of its metrology business to Bruker Corporation in a cash deal for $229.4 million. Veeco is now solely focused on supplying process equipment to the LED, solar, data storage and wireless market.