Veeco Announces Over $50 Million in Wet Processing System Orders Supporting Advanced Packaging for AI

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Wet Processing business delivering year-over-year growth in Advanced Packaging, driven by a leading foundry, HBM manufacturer, and OSAT’sPLAINVIEW, N.Y., Nov.06, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc.(NASDAQ: VECO) today announced it’s received over $50 million of orders in 2024 for its WaferStorm® system for Advanced Packaging driven by AI.

These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2023 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases.

Veeco’s Wet Processing business is delivering year-over-year growth primarily driven by capacity expansions by a leading foundry, HBM manufacturer and OSAT’s to meet growing demand from AI.

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Author / Journalist: Veeco Instruments Inc.

Category: Technology

Markets: China

Topics: Nasdaq:VECO US9224171002

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 21:05:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 419 words

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Copyright Owner: © GlobeNewswire

News ID: 23452504

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