In a blockbuster semiconductor shakeup, Axcelis Technologies Inc. announced Wednesday it will merge with Veeco Instruments Inc. in an all-stock deal valued at roughly $4.4 billion, aiming to forge a new powerhouse in semiconductor production equipment.
The Deal Structure
Under the agreement, Veeco shareholders will receive 0.3575 Axcelis shares for each Veeco share. Once finalized, Axcelis investors will own about 58% of the merged entity, while Veeco shareholders will hold 42% on a fully diluted basis.
The combined company will be headquartered in Beverly, Massachusetts and adopt a new name, ticker symbol and brand following closing, which is expected in the second half of 2026, pending shareholder and regulatory approval.
Building a Semiconductor Titan
Executives framed the deal as a transformational milestone in the race to supply critical tools for advanced chipmaking.
“This combination establishes a new leader in semiconductor capital equipment with complementary technologies and an expanded market opportunity,” said Russell Low, Axcelis president and CEO, who will lead the merged company.
