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Veeco Announces Over $35 Million in Advanced Packaging Lithography System Orders From IDM & OSAT Customers

1. Veeco received over $35 million in orders for AP300™ Lithography systems. 2. Orders support capacity expansions in AI and high-performance computing markets. 3. The Advanced Packaging business anticipates strong year-over-year growth in 2025. 4. AP300™ systems are designed for next-gen advanced packaging with low costs. 5. Global trends in AI drive demand for Veeco's lithography technologies.

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Why Very Bullish?

The substantial $35 million order indicates strong market demand and growth potential. Similar instances in the past, like the surge in orders following the rise of AI technologies, have led to positive price movements.

How important is it?

The article outlines significant orders directly related to VECO's product lines and their implications for future revenue, reflecting an important growth trajectory.

Why Long Term?

The growth expected from the AI and high-performance computing markets suggests sustained demand beyond 2025, positively influencing VECO's valuation over time.

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May 07, 2025 16:10 ET  | Source: Veeco Instruments Inc. PLAINVIEW, N.Y., May 07, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced its received over $35 million of orders for its AP300™ Lithography systems in recent quarters from a wide-range of IDM and OSAT customers. The orders are expected to be delivered in 2025, and are supporting capacity expansions driven by several end markets, including AI and high-performance computing. Veeco’s Advanced Packaging Lithography business is expected to deliver strong year-over-year growth in 2025. Veeco’s AP300™ Lithography systems offer industry-leading performance specifically designed for Advanced Packaging applications, lower total cost of ownership, industry-leading uptime, and process flexibility. Recent orders highlight accelerating market demand for Veeco’s lithography systems given the tools’ ability to handle next generation advanced packaging process needs, such as copper (Cu) pillar for 2.5/3D packaging, flip chip bumping, fan-out WLP (FOWLP) and high-density fan-out packaging. “Global megatrends such as AI and high-performance computing are driving strong demand for enabling technologies in advanced packaging,” commented Adrian Devasahayam, Ph.D., Veeco’s Senior Vice President, Product Line Management. “Customers require a lithography platform that can handle a wide range of advanced packaging process needs with best-in-class process capabilities and low cost of ownership. Our AP300 platform is distinguished as a solution that sets the industry standard for challenging advanced packaging processes required for high-performance, next-generation devices.” About Veeco Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, single wafer etch & clean, lithography, and metal organic chemical vapor deposition (MOCVD) technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit www.veeco.com. To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. 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, 2024 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements. Veeco Contacts:                                 Investors: Anthony Pappone | (516) 500-8798 | apappone@veeco.com Media: Javier Banos | (516) 673-7328 | jbanos@veeco.com

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