VECO
NASDAQ · Technology · Semiconductors · US
Research · Sep 8, 2026
InP Optical Materials Shift to Allocation
Lumentum, Coherent and IQE describe laser, epiwafer and substrate constraints that make committed InP supply a key limit on AI optical shipments.
Research · Sep 3, 2026
[VECO] Veeco Instruments Thesis 2026: Laser Annealing Captures HBM + Advanced Logic Convergence
Veeco Instruments FY2025 revenue ~$735M flat YoY masks meaningful mix shift: laser annealing grew ~$310M (from ~$260M FY2024) driven by HBM (~$70M, up from ~$45M) and advanced logic 3nm/2nm dopant activation (~$170M); offset by China weakness (~10% rev vs. 22% FY2023) and EV-driven SiC MOCVD softness. Adj. EBITDA ~$130M at ~17.7% margin. FY2026 thesis: HBM3E ramp + HBM4 development drives laser annealing higher (toward $130-160M HBM-specific by FY2027); advanced logic gate-all-around adoption at TSMC/Samsung/Intel sustains dopant annealing growth; key risks: China continued compression, memory cycle reversal, Applied Materials competitive entry into laser annealing.
Research · Sep 2, 2026
TSMC Delays 2027 CoWoS Packaging Tool Orders: ONTO, VECO Exposed
DIGITIMES reports TSMC has delayed its 2027 advanced packaging equipment orders, putting a year of 2027 bookings at Onto Innovation and Veeco at risk.