Veeco CEO Bill Miller added, “With increased R&D scale, this merger accelerates our ability to solve material challenges and enable advanced chip manufacturing, delivering superior value for all stakeholders.”
Market Expansion and Innovation
By fusing their portfolios, the two companies anticipate boosting their total addressable market to over $5 billion. The partnership promises:
- A diversified product portfolio across growing end markets
- A robust R&D engine to accelerate innovation
- Expanded solutions to meet chip manufacturers’ rising demands
“This merger capitalizes on the strengths of both companies,” Miller said, emphasizing the opportunity to tackle customers’ most pressing technology hurdles.
Leadership and Governance
The 11-member board of the merged entity will feature six Axcelis directors and four from Veeco, with Thomas St. Dennis, already a board member at both firms, set to chair. Jorge Titinger, current Axcelis chairman, will remain on the new board.
