Transformation from Industry Player to Industry Leader
Vacuum Electronic Equipment Co., Veeco was founded specializing in leak detector equipment.
Veeco’s then-COO Edward H. Braun, together with a group of senior executives, led a management buy-out to create a new equipment company for the semiconductor and data storage industries. Mr. Braun was named CEO.
Veeco completed an Initial Public Offering on the NASDAQ stock market. At the time, Veeco’s sales were approximately $30 million.
Veeco purchased Ion Tech, Inc. and entered into the optical coating market.
Veeco purchased Applied EPI, its present-day Molecular Beam Epitaxy group in St. Paul, MN.
Veeco purchased Emcore in Somerset, NJ, paving the way for its leading Metal Organic Chemical Vapor Deposition System business for the LED market.
John Peeler named CEO and steered Veeco towards accelerated product development, a flexible operations strategy, and high growth markets.
2008 – 2010
Veeco launched multiple industry-changing system innovations including GEN10™ and GEN2000™ MBE systems and TurboDisc® K465i™ MOCVD System. Veeco sold its metrology business to focus exclusively on Process Equipment.
Veeco introduced NEXUS® DLC-X™ and Optium® ADS-800™ for data storage and TurboDisc MaxBright™ Multi-Reactor MOCVD system. Veeco became the #1 provider of MOCVD systems, critical to making LEDs.
Veeco introduced SPECTOR-HT Ion Beam Sputtering system for high throughput optical coating applications.
Veeco launched GENxplor™ R&D MBE System, the industry’s first fully integrated system.
Veeco launched two MOCVD systems: The TurboDisc EPIK700 GaN MOCVD System to accelerate adoption of solid-state lighting and the Propel™ PowerGaN™ GaN MOCVD system to enable transition from R&D to production of highly-efficient GaN power electronic devices.
Veeco purchased Solid State Equipment LLC (SSEC) to extend its footprint into high growth markets; renamed SSEC to Veeco Precision Surface Processing (PSP) business unit.
Veeco shipped its 50th EPIK 700 MOCVD reactor in less than one year and received multiple orders from a leading foundry in Asia for its Precision Surface Processing (PSP) WaferStorm™ System.
Veeco launched the TurboDisc K475i™ As/P MOCVD System for the production of red, orange, yellow (R/O/Y) light emitting diodes (LEDs), as well as multi-junction III-V solar cells, laser diodes and transistors.
Veeco GENxplor MBE System recorded the largest tool installed base surpassing the competition among R&D universities worldwide.
Veeco consolidated its New York (Plainview, Kingston and Poughkeepsie) manufacturing operations into one facility in Somerset, New Jersey to improve operational efficiency and meet customer needs.
Veeco acquired Ultratech, Inc, a recognized leader of lithography products for Advanced Packaging applications and for LEDs and is a pioneer for laser spike anneal technology used for production of semiconductor devices.